Officers asked to deposit seized money in treasury

Sources said that more than Rs 10 crore has been seized from 2,000 pending cases, and is kept in a strong room.

Published: 24th November 2016 04:51 AM  |   Last Updated: 24th November 2016 04:51 AM   |  A+A-

Officers

The B1,000 notes have been demonetised, but some smell a business opportunity in it | Vinod Kumar T

By Express News Service

BENGALURU: The cash seized by the Lokayukta police during raids is hanging in balance due to demonetisation. Hence, senior officials in the Lokayukta police wing have asked the investigating officers in all districts to deposit the old currency notes in the treasury after taking approval from the jurisdictional courts, sources said.

Sources said that more than Rs 10 crore has been seized from 2,000 pending cases, and is kept in a strong room. However, a top police officer denied this.

“After the presentation of evidence, the money seized will be deposited in the treasury with permission from the court. Hence, there may be a small amount of demonetised currency notes with the Lokayukta police, where investigation is pending. Hence, the officials were asked to seek the court’s permission to deposit the same in treasury,” the officer said.

When contacted, Upa Lokayukta Justice Subhash B Adi said that the cash seized will be in the custody of Lokayukta  police.

“The money seized is evidence. Hence, the permission of court, where the cases are pending, is necessary to deposit the old currency notes,” Justice Adi said. Sources said that similar procedure will be adopted for the cash seized by CBI, Income Tax Department and Enforcement Directorate authorities.

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