Police seize Rs 85 lakh in new notes in Mumbai

Of the Rs 85 lakh that was seized by unit 5 of the Crime Branch, Rs 72 lakh were in Rs2000 notes and 13 lakh in Rs 100 notes.

By: Express News Service | Mumbai | Published:December 10, 2016 2:25 am
cash seized in mumbai, mumbai, mumbai new notes cash, mumbai new notes found, cash seized, mumbai cash seized, mumbai police cash seizure, india news Of the Rs 85 lakh that was seized by unit 5 of the Crime Branch, Rs 72 lakh were in Rs2000 notes and 13 lakh in Rs 100 notes. (ANI photo/Representational)

The Crime Branch of the Mumbai Police seized Rs 85 lakh, majority in new Rs 2,000 notes, on Friday morning in Dadar East. Crime Branch officials said that the consignment was seized from an Innova car on Babasaheb Ambedkar Road after the police received a tip-off.

Seven persons have been detained of whom four deal in bullion, who were present in the car, and the other three, including an artist and businessmen, were to exchange their old notes with the bullion dealers.

Of the Rs 85 lakh that was seized by unit 5 of the Crime Branch, Rs 72 lakh were in Rs2000 notes and 13 lakh in Rs 100 notes. An officer said, “We received a tip off that these bullion dealers were planning to exchange their new notes for old notes of Rs 500 and Rs 1000 from the other 3 for 15% commission. The dealers were supposed to get about Rs 1 crore worth old notes.”

Currently, the bullion dealers are being questioned to find out the source of such a huge amount of cash which has the new denomination notes. Prima facie, they did not have any proper documents to account for the cash.

DCP Ashok Dudhe, Mumbai police spokesperson said, “We have sought assistance from the Income Tax department to probe this case. Inquiry is on.” The police will be registering a case only after the IT Department finishes its probe.

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