5.7 Crore cash recovered from hidden lockers at former IPS officer's home in Noida

Officials have recovered Rs 5.77 crore in cash kept in several private lockers after an income tax raid was conducted at the premises of a former IPS officer's residence in Noida, Sector 50.

The cash was recovered during the search operation which was initially called a survey operation. A source said that they received an information that cash amounting to several crore rupees was kept at the basement of the building in Noida, Sector 50.

The source said that Ram Narain Singh, a former IPS officer of the 1983 batch was running a firm from the basement which has 700 lockers, most pf which were empty. Bundles of notes of Rs 2,000 and 500 denominations were recovered, stashed in 18-20 lockers. IT officials are using bank counting machine to tabulate the cash recovered from these lockers.

The IT department source said that as of now no case was registered and it was only a search operation which they also call survey.

The source said that they are checking whether it has any connection with 'benami property' or not. The search operation is still going on and the officials would brief the media once the search operation is over, the source added.