Sleuths of the Income Tax department and the Directorate General of GST Intelligence (DGGI) seized Rs 150 crore cash from the house of a perfume trader house in Kanpur.
The raid that started on Thursday lasted over 24 hours.
The team recovered the notes piled up on shelves in cupboards at the house of perfume trader Piyush Jain in Kanpur, India Today reported.
Initially, the team started counting the money manually, but after several hours, a counting machine had to be brought in due to the sheer amount of money.
Piyush Jain conducts his business in Kanpur’s Ittarwali Gali, known for perfume trade and he has offices in Kannauj, Kanpurand Mumbai.
The Income Tax department has found around 40 companies through which Jain would conduct business.
Most of the pan masala manufacturing units in Kanpur are operating on land bought from him.