Man with Rs 45L unaccounted-for cash arrested

Man with Rs 45L unaccounted-for cash arrested

Rahul (right) and the cash seized from him.

Police recovered Rs 45 lakh unaccounted cash without any valid documents from a 30-year-old man near Mahalakshmi Layout in northern Bengaluru on Tuesday. 

Based on a tip-off, around
11 am on Tuesday, police stopped Rahul near GD Naidu Road. A resident of Vinoba Nagar, Rahul was heading to Chickpet from Mahalakshmi Layout on his scooter.

The flying squad which rushed to the spot, after checking the scooter’s storage, found bundles of money inside.

Rahul, after his arrest, told the police that for the past couple of years he has been working with Sachin, a jewellery merchant at Chickpet. Following directions from Sachin to collect Rs 45 lakh from his friend Sunil, Rahul was ferrying the money.

Based on Rahul’s statement, police interrogated Sachin. More people buy gold during Akshaya Tritiya, Sachin told the police.
So, he had asked Sunil to give him Rs 45 lakh as a loan to purchase more gold. He accepted that he had sent his assistant to collect the money. The money has nothing to do with the election, added Sachin. Sunil, too, confirmed Rahul visiting his house and collecting the money.

Mahalakshmi Layout police said they had registered a case under Non-Cognisable Report (NCR) and has informed the income tax officials. Sunil and Sachin, meanwhile, were directed to produce valid documents to account for the money.