Rs 30 lakh unaccounted cash seized in Bengaluru, three held


Bengaluru, Dec 3 (IANS): About Rs 30 lakh unaccounted cash was seized on Saturday at two places in the city and three persons were arrested for holding it without documentary proof, police said.

"In one case, Ishwarappa, 66, a farmer from Andhra Pradesh, was nabbed at Whitefield for illegally carrying Rs 12.10 lakh in Rs.2,000 notes in a car to exchange them for old notes at 20 per cent commission," said a police statement.

In a similar case, two persons were arrested from near a private hospital at Hebbal for illegally carrying Rs 18 lakh in cash.

A patrolling police team nabbed Ishwarappa and his friend after a hot chase from a petrol retail outlet.

"On interception, the farmer confessed that he was asked to go tp the city by his contact to hand over the cash in return for old currency with commission. As he did not have documentary proof for carrying so much cash, we called the Income Tax officials and asked to ascertain the source of the amount," said the official.

In the other case, Sridhar and his friend Mohan, were caught waiting for their contact to deliver Rs 10 lakh in Rs 2,000 and new Rs 500 notes and Rs 8 lakh in Rs 100 notes.

"The duo was taken into custody and the cash was recovered from a car in which they were waiting to hand over to their contact. They were also handed over to the tax officials for investigation as they did not have documents to prove the money's source," added the official.

  

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Comment on this article

  • Jossey Saldanha, Mumbai

    Sun, Dec 04 2016

    How can White Money become Black ...

    DisAgree [1] Agree [11] Reply Report Abuse

  • Flavian, Mangaluru/Kuwait

    Sun, Dec 04 2016

    Black money and corruption is deep rooted in India and it cannot be eradicated easily. . How they got so much cash? If at all exchanged from old demonetized notes they could not have been able to with draw so much cash. 

    DisAgree Agree [14] Reply Report Abuse

  • Negila Yogi, Udupi

    Sun, Dec 04 2016

    where is the control on illegal cash holding..!!

    With in one month even a common man roaming with huge amount of cash..!! cant imagine what about after few months or in a year later..

    Idea of change cash is nothing but a well planned high drama to make political black money to white.

    DisAgree [1] Agree [15] Reply Report Abuse

  • MRao, Mangalore

    Sun, Dec 04 2016

    Rs. 4.00 crore in Bangalore
    Rs.95.00 lakhs in Hyderabad
    Rs.45.00 lakhs im Mangalore
    Rs.70.00 lakhs in Karkala
    Rs.20.00 lakhs in Kasargode
    & now above all New Rs.2000 notes

    Where from sleuths get clue...is there Chip in note???

    DisAgree [1] Agree [34] Reply Report Abuse

  • SJM, Mangalore

    Sat, Dec 03 2016

    Arvind Kejriwal is right .....

    DisAgree [6] Agree [37] Reply Report Abuse


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