The Income Tax Department has intensified its probe into the seizure of ₹40 lakh in cash linked to a Cuttack-based jeweller. The investigation is underway at the Puri Ghat Police Station, where Milan Adak, a Kolkata-based trader carrying the cash, is being questioned by a three-member IT team to determine its source and purpose.
Adak allegedly transported gold from Kolkata to deliver to jeweller Taraknath Sahu and was intercepted by Puri Ghat police during a routine check while returning with the cash. As he failed to provide valid documents or satisfactory proof of the transaction, the cash was seized, and he was detained for further questioning.
The IT Department has issued repeated notices to Sahu to appear before authorities, but he has not complied so far. Investigators are examining all aspects of the case, including the source of funds and the transport of gold, as Adak has been unable to provide consistent explanations.
