Video: Madhya Pradesh Businessman Raided, 8 Crores Found In Water Tanker

The cash was found in a bag that was hidden in an underground water tank.

Madhya Pradesh-based businessman Shankar Rai and his family in the state's Damoh district were raided on Friday and unaccounted cash worth over Rs 8 crore was recovered, the Income Tax Department has said. Cash was stashed in an underground tank, hair dryers and clothes iron were used by IT dept sleuths to dry up the cash @ndtv@ndtvindiapic.twitter.com/gKq1lXS3km

The cash was found in a bag that was hidden in an underground water tank. A video shows the tax officials drying the cash. Apart from cash, jewellery worth around Rs 5 crore was also seized.

"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," said Munmun Sharma, Joint Commissioner of Income Tax Department, Jabalpur, who headed the tax raid.