Rs 71 lakh in new currency seized in Karnataka

0

Close on the heels of I-T sleuths confiscating over Rs five crore in Bengaluru, another Rs 71 lakh have been seized from the possession of three persons in Rs 2000 denomination near here, police said on Sunday.

new currency

“Rs 71 lakh was seized from three persons who were arrested for carrying new Rs 2,000 notes in their car without any documents at Bailoor village,” Udupi Superintendent of Police K T Balakrishna said adding the police swung into action on a tip-off.

Also Read:  Cash withdrawal for marriages remains a non-starter

Bailoor village is about 32kms from here.

The three have been handed over to the Income Tax officials in Mangaluru for further investigation, he said.

Police intercepted the car on December 1 and found the currency notes of Rs 2,000 denomination totalling to Rs 71 lakh in a bag.

The three occupants, Imran Hussain, Asif Umar and Deepak Shetty (driver), had failed to produce appropriate documents or provide explanation about the cash, Balakrishna said.

Also Read:  Karanataka Police book seven people including two Bajrang Dal workers for attack on Dalit family

They were travelling from Mangaluru to Kudremukh for a business payment, he said.

Over 50 I-T sleuths and police personnel had searched premises in Bengaluru, Chennai and Erode (Tamil Nadu) as part of the country-wide operations, with the Department saying the seizure of cash in new currency was over Rs five crore.

On December 2, IT officials said the cash found, after searches were launched on December 1, on the premises of two engineers and two contractors, has risen to Rs 5.7 crore and the notes were in the denomination of the new currency of Rs 2,000.

Also Read:  RBI limits withdrawal from Jan Dhan accounts to Rs 10K in a month

“Total admission of unaccounted income by the group stands at Rs 152 crore. Investigations are on,” they had said in New Delhi.

(With inputs from PTI)

LEAVE A REPLY

Please enter your comment!
Please enter your name here