The Income Tax (IT) department on Monday stated to have seized Rs. 163-crore in cash and about 100-kg gold bars following raids at multiple premises of a road construction firm in Tamil Nadu.
The IT department believed to have searched the offices and properties of the firm in Chennai, Madurai and Aruppukottai today.
Officials from the department said, "The seizure was probably the biggest so far in raid operations anywhere in the country".
Further details are awaited.
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