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IT raids at various places in Agra, seizes huge piles of cash worth Rs 60 crore under bed, mattress

In a raid by the Income Tax Department, a staggering amount of cash was seized from the residence of Ram Nath Dang, owner of Harmilap Traders. Officials had to bring in cash counting machines from the bank as they worked through the night to tally the money. The volume of currency was so overwhelming that the machines reportedly struggled to keep up.

By: Ruchi Upadhyay  Pardaphash Group
Updated:
gnews
IT raids at various places in Agra, seizes huge piles of cash worth Rs 60 crore under bed, mattress

Agra: Nearly Rs 60 crore cash was confiscated from a premises linked to a shoe trader in Uttar Pradesh’s Agra in an Income Tax raid on Saturday (May 18), the officials said. The money was seized after raids were conducted at six places linked to three shoe traders in the city, in which seizures were made from one businessman, according to a report by Bhaskar news. The notes were seized from the residence of the owner of Harmilap traders, Ramnath Dang.

How was the cash recovered?
According to the report, notes were hidden under the bed, mattresses and cupboard. The pictures of the recovery were released and went viral. In the viral image, piles of notes could be seen spread on the bed and the bag on the floor was also full of cash.

The officials had to get 10 machines from the bank to count the money recovered in the raid.

The I-T action at six places came after the department received inputs of tax evasion by three businessmen, the report said.

The targets of the raid include three notable shoe traders suspected of involvement in tax evasion and illicit financial activities. The Income Tax team conducted simultaneous raids across various cities, with a particular focus on Agra. The authorities seized over Rs 60 crore in cash, along with numerous documents.

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