As per reports, the cash was recovered by Rajputana Rifles and Tinsukia police during a joint operation at a house of a person named Jagdish Chauhan, a resident of Ledo Bazaar.
The investigation commenced around 10 pm and went on for two hours. It is not clear whether the cash is legal or illegal.
Chauhan owns a grocery store and two dried fish shops.
Notably, Chauhan was earlier arrested on suspicion of having links with ULFA-I.
Further investigation is on.