Police size Rs 2.42 cr unaccounted cash

It could be recalled that the investigation wing of the Income Tax department in Bengaluru has claimed to have seized Rs 4.13 crore from various places in the poll-bound state. Representational Image

Huge cash of Rs 2.42 crore has been seized in and around Bengaluru in separate incidents during the weekend.

The temporary check posts installed at various places have been randomly checking vehicles for the past three weeks.

In a special drive, the Halasuru police have confiscated a vehicle carrying unaccounted-for cash of Rs 2 crore on Old Madras Road (OMR) on Saturday night.

A senior police officer said the vehicle belonging to an ATM cash management firm was stopped by police personnel on election duty near the OMR. When asked, the staff informed that they were heading towards Chintamani to replenish cash to ATMs. However, they failed to submit documents and substantiate their claim. The vehicle and the cash were seized and a show cause notice has been issued to cash management firm.

In yet another incident, the Devanahalli police seized Rs 42 lakh unaccounted-for cash from a businessman, who was travelling in a private bus on Sunday morning.

A senior police officer said officials intercepted Kerala bound Hyderabad bus during a random check near Devanahalli and the officials found a bag containing cash. The businessman, a native of Cochin, told police that he was into timber business and was carrying the cash for business purpose.

However, Devanahalli police seized the cash and issued him a notice asking him to submit documents to substantiate the source of money and his business dealings.

It could be recalled that the investigation wing of the Income Tax department in Bengaluru has claimed to have seized Rs 4.13 crore from various places in the poll-bound state.

Interestingly, a majority of the cash seized was in the denomination of Rs 2,000.

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