business

₹ 71 lakh in new currency seized in Karnataka

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

“₹ 71 lakh was seized from three persons who were arrested for carrying new ₹ 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.

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 ₹ 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.

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 ₹ 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 ₹ 5.7 crore and the notes were in the denomination of the new currency of ₹ 2,000.

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

Show More

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button