Bhubaneswar, Nov. 5 -- The Income Tax Department has seized Rs 92 lakh in cash during a major search operation at the residence of a director of Utkal Builders in the Saheed Nagar area of Bhubaneswar.

The raid, which began on Tuesday, is part of a wider investigation into alleged large-scale tax evasion by the real estate group. Sources informed that I-T sleuths have also seized two sealed lockers linked to the firm will be opened today as the search continues.

According to reports, simultaneous raids were carried out at 14 locations connected to Utkal Builders, with 11 of those being in Odisha and three in West Bengal. The coordinated operation involved 18 teams comprising around 120 officers from the Income Tax Department.

The search...