The Election Commission flying squad officials have seized Rs 3.47 crores from a government bus in Harur in Dharmapuri district in Tamil Nadu.
The recovery has come just days before the first phase of Lok Sabha elections which will be held on April 11.
The flying squad was checking the bus which was heading to Dharmapuri from Tiruvannamalai district.
During the search, the squad found money hidden in seven bags. The money was in the denominations of Rs 2000, Rs 500 and Rs 200. The money was handed over to the district election officer.
No one has come forward to claim the bags.
On April 1, a massive stash of cash has been recovered from I-T raids at a cement factory in Vellore during raids.
The unbelievably large cash recovery was stashed in numerous gunny sacks and cardboard boxes and sealed in marked envelopes. The visuals of the same were accessed by Republic TV.
Sources in Tamil Nadu Chief Electoral Officer's office have given a preliminary input on the finding, offering that a search is ongoing and that a detailed report is yet to be received. The count of the money that has been recovered is also ongoing, with the I-T department going through all the documents and evidence.
Accordingly, sources added that it will be sent to the Election Commission following which a decision may be taken whether to countermand the polls in Vellore.
The recoveries were made following members of a flying squad involved in election surveillance and officers of the Income Tax department conducting raids at three places across in Vellore.