Press Esc to close
Tuesday 25 April 2017
News updated at 1:37 PM IST

150 bags of cash, gold and diamond seized

Mumbai, July 2, 2013, DHNS: 1:54 IST

Speculations rife on terror funding

Policemen guard the trucks which were seized with around 150 bags of cash and jewellery worth Rs 200 crore, in Mumbai on Tuesday. PTI
In a joint operation on Monday, Income-Tax (I-T) and National Investigation Agency (NIA) sleuths seized 150 bags containing cash, besides diamond and gold nuggets worth hundreds of crores, from four trucks stationed outside the Bombay Central Railway Station.

The huge amount of cash found in 102 bags and the NIA’s involvement in the operation have sparked off speculations on terror funding and election funds for political parties.

An I-T officer said: “It is really strange to see this amount of cash floating around in trucks awaiting transfer...even from the hawala angle...we see this kind of clandestine transport of hard cash only when elections are just round the corner.”

The consignment was headed for different cities in Gujarat. Several “angadiyas (traditional couriers),” who have been ferrying valuables for nearly a century between trading cities, reached the I-T office in south Mumbai to stake claim on various parcels soon after the news broke.

However, the couriers have disowned the cash, stating that they mostly ferry precious stones, jewellery, gold and silver.

They also claimed to have proofs and receipts for the packets seized by the authorities.
Some TV channels pegged the quantum of cash to Rs 200 crore, while others claimed that the figure was around Rs 2,500 crore. However, I-T Director-General Swantra Kumar quashed the rumours and told mediapersons that valuation of precious stones and gold and counting of the currencies were underway. “A clear picture would emerge only in a couple of days,” he said.

He admitted that a majority of the packets in the bags had both sender and recipient’s addresses.

Nearly 50 officers have been deputed for verification.

Giving details of the seizure, Kumar said the operation was based on a tip-off. Officials were keeping a watch on the parking bay outside the Mumbai Central Railway station. “Four trucks were parked and the consignments were to be transported through the Ahmedabad-bound Gujarat Mail.

“Apart from drivers and cleaners, around 40 people, a majority of them couriers, are being questioned. However, we are not charging any of them. But it is surprising that this amount cash was present in the vehicles. Most of the time when such surreptitious transfer of cash is discovered it usually turns out to be unaccounted, which, by its very nature, is an illegal transaction and money transfer.”

Kumar refused to get drawn into any speculation regarding hawala transfer, election funds or terror angle. “Whatever investigations and questioning reveals, we will share with the NIA,” he said.

Go to Top

Photo Gallery
Injured CRPF being brought to Raipur for treatment on Monday follwing a Maoist attack at Burkapal ..

Injured CRPF being brought to Raipur for treatment on Monday follwing a Maoist attack at Burkapal ..

Police in action students who were throwing brick bats on them during clashes in the vicinity of ...

Police in action students who were throwing brick bats on them during clashes in the vicinity of ...

LJP activists take part in a candle light vigil to pray for CRPF jawans lost their lives in a ...

LJP activists take part in a candle light vigil to pray for CRPF jawans lost their lives in a ...

Remains of the iconic Hall of Nations structure at Pragati Maidan in New Delhi on Monday...

Remains of the iconic Hall of Nations structure at Pragati Maidan in New Delhi on Monday...

Cricketer Sachin Tendulkar being greeted by his fans on his 44th birthday at his residence in Mumbai

Cricketer Sachin Tendulkar being greeted by his fans on his 44th birthday at his residence in Mumbai

Girl students pelt stones at security personnel during clashes in the vicinity of Lal Chowk in ...

Girl students pelt stones at security personnel during clashes in the vicinity of Lal Chowk in ...

College girls shout slogans at a protest against the recent police action on students, in Srinagar..

College girls shout slogans at a protest against the recent police action on students, in Srinagar..

Potato farmers holding a protest over their various demands including proper cold storage ...

Potato farmers holding a protest over their various demands including proper cold storage ...

A man holds his head in despair after grains got drenched in rains at a market in Bikaner on ...

A man holds his head in despair after grains got drenched in rains at a market in Bikaner on ...

Woakes jubiliate with his teammates after the dismissal of Stuart Binny

Woakes jubiliate with his teammates after the dismissal of Stuart Binny

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.