Kanpur raid: 36 hours, 5 note counting machines and Rs 150 cr in cash in I-T dept's big catch

The tax raids at premises linked to Kanpur businessman Piyush Jain lasted for over 36 hours and led to the recovery of over Rs 150 crore cash.

It took over 36 hours and the help of five machines to count sheer amount of notes recovered from a perfume trader's house in Kanpur following a raid by a joint team of the Income Tax department and the Directorate General of GST Intelligence (DGGI). The raid, which started on Thursday, led to the recovery of Rs 150 crore cash at Piyush Jain’s house.

During the searches at the residential premises of the UP businessman, the I-T officials found several shelves full of notes. The huge amount of cash were wrapped in paper.