An amount of Rs 82 lakhs, including Rs 71 lakh in new Rs 2,000 currency, was seized at Kothur near here, police said Saturday. The cash, including Rs 71 lakhs in new Rs 2,000 notes and Rs 11 lakhs in hundred rupee notes, was seized during vehicle checking at Kothur yesterday, they said.
Two persons, allegedly involved in exchange of money on a commission basis, were also nabbed by the police. The police have registered a case and the matter would be reported to Income Tax department for further investigation, police added.
Earlier in the day, CBI recovered Rs 65 lakh of new currency in Rs 2,000 denomination from the Senior Superintendent of Post Offices, Hyderabad. IT Department seized Rs 24 crores in new currency from a car which had cash hidden in it in Vellore, all in the form of Rs 2,000 notes in 12 boxes of Rs 2 crore each. In Karnataka, I-T department seized an unaccounted amount of 5.7 crore in the currency of the new Rs 2000 notes in Chitradurga and Hubballi. In Rajasthan too, Rs 7,20,000 in new Rs 2,000 currency notes were seized from Bhilwara.
The note of Rs 2000 denomination has been in circulation for just a month now. The note was infused on November 10, two days after Prime Minister Narendra Modi announced the demonetisation of high value notes.