Updated: December 8, 2016 10:27:24 pm
As the common man continues to queue up before banks and ATMs in the hope of withdrawing money within the limits set by the RBI, a few appear to have rigged the system as the number of arrests of those found in possession of huge bundles of unaccounted cash has multiplied since the new Rs 2000 note was introduced. Over Rs 40 lakh was seized in Hoshangabad, Madhya Pradesh on Thursday, ABP Hindi reported. Police allegedly confiscated the large sum of money from a white-coloured Innova car with a fancy number plate, bearing the registration number MP04 BC 2505. The words ‘President of anti-corruption society’ adorn the number plate in thick gold lettering. The new currency notes, stuffed in a black cloth bag, were mostly in higher denominations.
— Brajesh Rajput (@brajeshabpnews) December 8, 2016
The Income-Tax department has seized crores of rupees in new currency notes in its ongoing raids against black money hoarders across the country. Just today, I-T sleuths have recovered Rs 90 crore in cash, of which Rs 70 crore was in new notes, and 100 kgs of gold during raids in Chennai. The I-T department reportedly stumbled on to a money exchange racket operating in Tamil Nadu’s capital after receiving a tip-off. Earlier this week, a Kolkata businessman Manish Sharma, who contested on a BJP ticket in the 2016 West Bengal Assembly elections, was arrested by police with Rs 33 lakh in new currency notes. In a similar incident, a BJP youth leader from Salem, who actively campaigned on social media for Prime Minister Narendra Modi’s drive against black money, was arrested with Rs 20 lakh, most of which was in Rs 2000 denomination.
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