The raid by Excise Department officials in Dharwad on Tuesday night has led to a huge cash haul amounting to ₹17.98 crore, authorities have confirmed.
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On Tuesday, based on a tip-off, officials of the Excise Department raided a flat at Arna Apartment in Dharwad but found huge cash instead. They, in turn, alerted the election flying squad. The squad, after finding cash over ₹10 lakh, alerted Income Tax sleuths.
The IT sleuths took up investigation and subsequently, after counting, found currency notes running into ₹17,98,03,100, a release from the office of the Election Returning Officer said.
The IT officials have registered a case. They have also initiated action against Basavaraj Dattannavar, an accountant working for a contractor firm. Further investigation is on, the release said.