Delhi Police’s cash problem: what to do with seized currency?

While officers are compiling the total amounts in their custody, sources confirmed a total seizure of around Rs 4 crore over the last three weeks alone.

Written by Mahender Singh Manral | New Delhi | Updated: November 23, 2016 1:23 pm
black money, demonetisation, note demonetisation, black money delhi, black money india, latest news, indian express, india news Rs 4 crore seized in the last three weeks alone.

AWAY FROM the long queues outside banks and ATMs, the demonetisation policy has had other unforeseen consequences — like what Delhi Police is facing right now.

Last week, all investigating officers across the capital’s 181 police stations were asked to plan the disposal of crores of rupees, mostly in invalid notes of Rs 500 and Rs 1,000, that were seized as case property and stored in malkhanas or warehouses.

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While officers are compiling the total amounts in their custody, sources confirmed a total seizure of around Rs 4 crore over the last three weeks alone.

“We have suggested that after taking permission from the courts concerned, they should either convert the money into fixed deposits, make demand drafts or exchange the notes from banks before December 31,” Joint Commissioner of Police (southwestern range) Dependra Pathak, who issued the order, told The Indian Express.

According to sources, the investigating officers have been asked to first discuss what needs to be done with the money with the complainants before taking up each case in court.

“Police have seized these amounts during investigations of robbery, theft, snatching and extortion cases. After solving the case and seizing the amount, they submitted the money in the malkhanas of their police stations,” said sources.

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Two recent seizures show the magnitude of the task ahead.

On November 18, Delhi Police found Rs 96 lakh in demonetised currency from a 32-year-old man in east Delhi’s Anand Vihar bus terminus. Days earlier, they recovered Rs 97 lakh from central Delhi’s Jama Masjid area after cracking a case of theft.