The seizure comes against the backdrop of the November 30 bypoll to the Bellary Rural Assembly constituency. Naresh, hailing from Guntakal in Andhra Pradesh, said he was transporting the money for business purpose. The police said Naresh has been asked to produce the relevant documents.
A case has been registered at the Moka police station. The seized money has been handed over to the Income Tax department.
(Published 23 November 2011, 19:59 IST)