I-T dept recovers Rs 3-crore cash from premises linked to retd IPS officer in Noida | Noida News

NEW DELHI: The Income Tax Agency has recovered around Rs 3 crore cash after raiding the premises linked to a retired IPS officer in Noida, official sources said on Tuesday. They said the cash – in currencies of Rs 2,000, Rs 500 and Rs 200 – was found in private safe deposit boxes created at the premises.
The searches were launched on January 30 after gathering “actionable information” and the operation is ongoing, the sources said.
About Rs 3 crore of cash has been recovered so far and the department is investigating its possession and source, they said.
The retired Indian Police Service (IPS) officer hails from the Uttar Pradesh cadre, the sources said.