Noida: I-T recovers huge cash from ex-IPS officer’s premises

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The Income Tax Department, which conducted search operation at the premises of a former IPS official in Noida Sector 50, have recovered unaccounted cash worth several hundred crores.</p>
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The cash was recovered during the search operation, which was initially called a survey operation. Bundles of currency notes of Rs 2,000 and 500 denominations were recovered. However, as of now, the department has not made any official statement.<br />
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As per an information, the former IPS official is said to be very close to Samajwadi Party.<br />
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A source said that they received an information that cash of several crore rupees was kept at the basement of the building in Noida Sector-50.<br />
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The source said that the former IPS was running a firm from the basement, which has 650 lockers. The department is investigating whether it has any connection with benami property or not.<br />
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The IT official reached Noida Sector 50 on late Sunday evening.<br />
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The search operation is still going on and the officials would brief the media once the search operation is over, the source added.</p>