₹ 200 Crore: I-T Department’s Intensive Raids Uncover Unprecedented Black Money Haul in Dhiraj Prasad Sahu’s Odisha Residence

₹ 200 Crore: I-T Department's Intensive Raids Uncover Unprecedented Black Money Haul in Dhiraj Prasad Sahu's Odisha Residence
Image credit: The Indian Express

₹ 200 Crore: I-T Department's Intensive Raids Uncover Unprecedented Black Money Haul in Dhiraj Prasad Sahu's Odisha Residence

In a groundbreaking development, the Income Tax (I-T) Department has escalated its efforts, intensifying raids on various premises associated with the Odisha-based distillery group, Boudh Distillery Private Limited. The focus of these raids, which commenced on Wednesday across Odisha, Jharkhand, and West Bengal, is the residence of Congress Rajya Sabha MP from Jharkhand, Dhiraj Prasad Sahu. The operation, aimed at unearthing unaccounted wealth, has already led to the recovery of a staggering amount, with expectations soaring to ₹ 200 crore, making it the largest black money haul in a single operation by any agency.

The income-tax officials, armed with “inputs” on substantial cash transactions involving liquor distributors, sellers, and business groups, initiated the raids to clamp down on alleged financial irregularities. As the operation unfolds, the magnitude of the seized funds continues to escalate, revealing the complex financial web woven by Boudh Distillery Private Limited and its associated entities.

Boudh Distillery Private Limited, the epicenter of the investigation, is a significant player in the production of extra neutral alcohol, a vital component in the manufacturing of alcoholic beverages. The company’s leadership, including Dhiraj Prasad Sahu’s son Ritesh Sahu as the managing director and his elder brother Uday Shanker Prasad as the chairman, has come under the scrutiny of tax authorities.

The unfolding saga also involves Baldeo Sahu & Group of Companies, a partnership firm based in Boudh. This entity, accused of tax evasion, faced its own set of raids conducted by taxmen in conjunction with the ongoing investigation. The coordinated efforts of the tax department underscore the seriousness of the allegations and the scope of the financial transactions being probed.

The raids, which started on Wednesday, have traversed multiple states, including Odisha, Jharkhand, and West Bengal. The I-T officials assert a direct link between Boudh Distillery Private Limited and Dhiraj Prasad Sahu, the Congress MP from Jharkhand. As the chairman and managing director of the company, Sahu’s family is deeply entrenched in the distillery business, amplifying the political implications of the ongoing investigation.

The aftermath of the raids has triggered a political storm, with Prime Minister Narendra Modi leveraging the opportunity to take a swipe at the opposition. In a post on social media platform X, PM Modi shared a news report highlighting the recovery of ₹ 200 crore in cash from various locations associated with the business group allegedly linked to Sahu. The Prime Minister, in a scathing commentary, urged the public to juxtapose the images of currency piles with the rhetoric on honesty from Congress leaders. He emphasized the commitment to reclaim every penny looted from the people, underlining it as his guarantee.

The political dimensions were further accentuated as Union ministers launched a frontal assault on the Congress party in the wake of PM Modi’s comments. The rhetoric centered on the need for accountability and the imperative of returning every penny to the public. The unfolding drama, with its roots in the financial dealings of a prominent distillery group and its political connections, has set the stage for a protracted political and legal battle.

₹ 200 Crore: I-T Department's Intensive Raids Uncover Unprecedented Black Money Haul in Dhiraj Prasad Sahu's Odisha Residence
Post credit : twiter

Despite the mounting evidence and the gravity of the allegations, Dhiraj Prasad Sahu has maintained a conspicuous silence on the ongoing raids. Attempts by the press to solicit a response from the Congress MP have been thwarted, with Sahu’s staff expressing an inability to secure a comment when contacted by news agency PTI.

The visuals of bundles of currency notes stacked inside almirahs have gone viral, painting a vivid picture of the enormity of the financial discovery. However, the counting process has faced significant delays, stretching over three days due to the limited capacity of the counting machines deployed by the income tax department. The intricacies of the financial transactions, combined with the sheer volume of cash involved, have posed challenges in expeditiously completing the counting process.

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