Hubballi (KTK), Mar 4 (PTI) The Central Crime Branch sleuths on Saturday seized Rs 3 crore cash from a businessman here, police said.

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This comes close on the heels of Rs 8.23 crore cash being recovered from a BJP MLA's son's house two days ago.

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Acting on a tip-off, the CCB raised the house of a 'reputed businessman' and recovered the 'unaccounted for' cash.

The businessman did not have any document or explanation to justify the heaps of currency notes worth Rs three crore in Rs 500 denomination.

"Intense investigation is on to find out the source and the reason behind stashing the cash at home and the Income Tax department has also been informed about it," the police said in a statement.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)