IT officials find Rs 1 crore cash in water tank, use iron and hairdryer to dry currency notes

The Income-tax Department officials had to employ hairdryers and irons to evaporate water-soaked cash recovered in a raid. A video of the incident has gone viral on social media.

On Friday, the Income-tax Department raided the Damoh home and properties of liquor businessman Shankar Rai and his family, seizing Rs 8 crore in cash and 3 kg of gold. The notes were discovered in a bag hidden in an underground water tank, which is unusual.

“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 I-T raid.