The Income Tax Department raided the house and properties of liquor businessman Shankar Rai and his family in Damoh and confiscated Rs 8 crore cash and 3 kilograms of gold.
It also seized incriminating documents.
“The Income Tax Department has seized Rs 8 crore in cash from the Rai family which also included a bag containing Rs 1 crore in cash stuffed in a water container. Besides, three kilograms of gold was also confiscated”, Munmun Sharma, Joint Commissioner of Income Tax Department, Jabalpur who headed the I-T raid, said on Friday.
After the operation was over, the Joint Commissioner told, “The physical raid is over and that investigation will continue on the basis of the documents seized from the Rai family which would be done in Bhopal.”
“The department will now investigate the seized documents and unnamed properties. So, we will have to wait for the final figure”, said The Joint Commissioner.
The raid which started at 6 am on Thursday continued for 39 hours.
