More seizures, more note mules arrested round the country

The seizure which was based on a tip-off comes three days after ED officials recovered Rs 2.19 crore cash from a cloth merchant here.
A cashier displays the new 2000 Indian rupee banknotes inside a bank in Jammu, November 15, 2016. | REUTERS
A cashier displays the new 2000 Indian rupee banknotes inside a bank in Jammu, November 15, 2016. | REUTERS

With 13 days to go for the demonetisation deadline, reports of seizures of unaccounted money are coming out thick and fash from all around the coutnry. Here are today's hauls.

Mumbai: Railway official in CBI net

The CBI has booked an assistant commercial manager of the Indian Railways posted at Mumbai's Chatrapati Shivaji Terminus for exchanging old currency notes into new Rs 2,000 notes. He had thus laundered Rs 8.22 lakh.

CBI sources said K L Bhoyar laundered old notes worth Rs 8.22 lakh at a booking counter at CST Mumbai and Kalyan in Thane district.

Railways posted at CST Mumbai under sections related to criminal conspiracy and provisions of Prevention of Corruption Act.

The agency is following up with inspections of his office and residence.

Erode: Rs 37 lakh in new currency seized from car, 5 arrested

Five persons have been arrested and about Rs 37 lakh in 2,000 rupee notes were seized from their car in Erode last night during a  vehicle check on the Gobichettipalayam-Modachur main road.

The notes worth Rs 36.9 lakh, were found in a cloth bag in the car.

The arrested men have been identified as Sakthivel, Manoj, Suresh Senthilkumar and Sabari. They told the police they were carrying the money to exchange with demonetised notes to some "affluent" persons for a margin in Gobichettipalayam.

Chandigarh: Rs 30 lakh recovered from tailor

The Enforcement Directorate [ED] recovered about Rs 30 lakh cash and 2.5 kg of gold from a prominent tailor, Maharaja Tailor in Mohali, Sector 22. The seizure comes three days after the recovery of Rs 2.19 crore in cash from a cloth merchant in Chandigarh.

Today’s seizure included Rs 18 lakh in Rs 2,000 notes and while the rest was in Rs 100 and 50 denominations.

The tailor had allegedly bought 2.5 kg gold at a rate of Rs 44,000 per 10 gm after demonetisation.

Chandigarh: Senior bank employee in the net

 Following up on their raid on a cloth merchant in Chandigarh, police have arrested a senior bank employee of a private bank in Mohali for allegedly providing new currency to cloth merchant Inderpal Mahajan for a commission.

ED had seized Rs 2.19 crore including Rs 17.74 lakh in Rs 2,000 denomination, Rs 12,500 in Rs 500 denomination from the house of Mahajan on December 14.


Bahraich: 4 more note mules arrested

Four persons were arrested with illegally exchanged new high-value currency notes worth over Rs 4 lakh and a significant amount of Nepalese currency near the Indo-Nepal border in Bahraich district.

The arrests were made at Rupaidiha township on Friday. Police had information that the four had illegally exchanged old Indian and Nepalese currency notes with new Rs 500 and Rs 2,000 notes.

The Income Tax Department has been informed of the seizure.

Machilipatnam: More hot new money discovered in AP

Unaccounted cash worth Rs 4.4 lakh in new Rs 2,000 notes was seized today from Krishna district of Andhra Pradesh. The seizure was made in the early hours at Gosaveedu village in Gampalagudem mandal from four persons after they were unable to explain the source of the cash.

Police suspect the cash was to be handed over to some persons who wanted to exchange old Rs 500 and Rs 1000 notes.

The four persons are suspected to be commission agents.

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