Cash Rs 20 lakh was seized from a businessman at Swami Vivekananda Airport, Raipur while the businessman was trying to fly Mumbai from Raipur. The businessman hailing from Korba had to face the action, informed Income Tax (IT) officials here on Monday.
Additional Commissioner IT, Sanjay Kumar informed that Sushil Kumar Singhal was at Mana airport on Sunday evening for boarding a flight to Mumbai, along with his family.
The IT sleuths got information that Singhal was carrying huge cash amount with him. The sleuths then checked the luggage he was carrying and found cash Rs 20 lakh in one of the suitcases he was holding.
He was then questioned about the money to which Singhal could not give satisfying answer, I-T sources informed. Singhal after seizure of cash did not cancel his journey and left for Mumbai, sources further said.
“The money has been seized and we have initiated action in this case,” the Additional Commissioner IT informed, adding, “Singhal runs ferro alloy plant and is in business of power production in Korba”.