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Bad days for Black money hoarders! Crores of rupees unearthed by police

Following an input by NIA, Uttar Pradesh police have unearthed black money worth 80 crores from Kanpur.

The investigation is undergoing. The police got the hint that the culprit was hoarding money in the form of demonetized notes of 1000 and 500 rupees.

“We received information of the presence of demonetized currency worth crores at a person’s residential premises in Kanpur. A raid was conducted, and RBI and I-T department officials were informed about it. The final amount is not yet ascertained as search and counting are underway. The questioning is on,” Kanpur SSP AK Meena said.

 

On January 14, demonetized currency notes with a face value of Rs 1 crore were seized from a vehicle at Uppiliapuram in Tamil Nadu and four persons detained in this connection, police said.

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Two months ago, the NIA recovered Rs 36 crore worth demonetized currency from nine persons in Delhi in connection with its Jammu and Kashmir terror funding probe. The federal agency is set to file its charge sheet this week.

The central government had on November 8, 2016, banned the use of old Rs 500 and Rs 1,000 notes. The government had then introduced new Rs 200, 500 and 2000 notes to meet the cash crunch.

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