Rs 1.28 cr unaccounted cash seized
Police on Monday seized over Rs 1.28 crore in unaccounted cash and arrested four persons from an Ahmedabad-bound private bus here in what they suspect to be a big money laundering racket.
By PTI |
INDORE: Police on Monday seized over Rs 1.28 crore in unaccounted cash and arrested four persons from an Ahmedabad-bound private bus here in what they suspect to be a big money laundering racket.
Acting on a tip-off, police stopped the bus and conducted a search that led to the seizure of the cash, Superintendent of Police Anshuman Singh Yadav told the media.
The four were unable to provide a "satisfactory reply" to possession of such a huge amount of cash and were rounded up, he said.
"Prima-facie, it appears to be a case of hawala (money laundering) but the arrested persons said they are working for a firm in Gujarat and the cash belonged to the company," Yadav said.
The police have informed the Income Tax authorities and handed over the cash and the four to them for questioning, he added.
Acting on a tip-off, police stopped the bus and conducted a search that led to the seizure of the cash, Superintendent of Police Anshuman Singh Yadav told the media.
The four were unable to provide a "satisfactory reply" to possession of such a huge amount of cash and were rounded up, he said.
"Prima-facie, it appears to be a case of hawala (money laundering) but the arrested persons said they are working for a firm in Gujarat and the cash belonged to the company," Yadav said.
The police have informed the Income Tax authorities and handed over the cash and the four to them for questioning, he added.
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