Chandigarh: ED seizes Rs 2.18 crore including Rs 18 lakh in new noteshttps://indianexpress.com/article/cities/chandigarh/chandigarh-ed-seizes-rs-2-18-crore-including-rs-17-74-lakh-in-new-notes/

Chandigarh: ED seizes Rs 2.18 crore including Rs 18 lakh in new notes

New currency worth Rs 17.74 lakh and Rs 100 notes worth Rs 52 lakh have been seized, according to reports.

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Chandigarh: The seized notes. (ANI photo)

The Enforcement Directorate (ED) on Wednesday seized Rs 2.18 crore after searches in a suspected hawala case in Chandiagrh, news agency ANI has reported. The report said new currency worth Rs 18 lakh and Rs 100 notes worth Rs 69.35 lakh were seized.

Officials said the sleuths of the agency swooped down on the premises of the cloth trader and few other locations here, based on a tip off received by them about huge illegal currency stashing.

The action has been taken under the provisions of the Foreign Exchange Management Act (FEMA) and the searches are still on, they said.

Chandigarh DSP Ram Gopal said a team led by ED’s Deputy Director Gurnam Singh conducted a raid and seized Rs 1.50 crore in demonetised currency and Rs 69.35 lakh in new currency.

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The raid was carried out at house of one Inderpal Mahajan. He has been arrested and a case has been registered against him, the DSP said.

He said the ED team has seized notes for further verification.

The Enforcement Directorate has been carrying out searches and enquiry at various places in the wake of de-monetisation.

Meanwhile, on Wednesday morning,  the Income Tax department and the Crime Branch, in a joint operation, seized Rs 3.25 crore in old notes from a hotel in Karol Bagh area in Delhi, news agency ANI reported. The money reportedly belongs to Mumbai-based hawala operators. While five people have been arrested, the Income Tax department is conducting further investigation. (With PTI Inputs)