Over Rs 51 lakh in new currency notes of 2,000 seized by Excise officials in Kerala

Unaccounted cash of about Rs 51.86 lakh, almost all of them in Rs 2,000 denomination, was on Sunday seized by Kerala Excise officials from two passengers of a bus coming from Bengaluru at nearby Irrity, in the second major haul of currency in the last three days in the state.

They found Rs 51.80 lakh in Rs 2,000 notes and Rs 100 notes for Rs 6,300 in the bags of Ranjith Salangi (24) and Rahul Adhik alias Rahul Ghatoo (22).

The duo, in their early 20s and hailing from Maharashtra, were found carrying the cash without any supporting documents after which they were detained. The haul came just two days after police seized Rs 39.98 lakh in Rs 2,000 denomination at Tirur area in Malapuram district.

Kerala: Unaccounted cash of Rs 50 lakh seized by Excise Department in Kannur from a private bus. 2 people taken into custody.

— ANI (@ANI_news) December 25, 2016

Excise officials said seizure was made when a special Excise squad, acting on a tip-off, intercepted the Kerala State Road Transport Corporation (KSRTC) bus heading to nearby Payyanur around 3.30 AM.

They were taken into custody and would be questioned by Income Tax officials.

Busting a currency exchange racket involving Rs 2,000 notes, police had on Friday seized Rs three lakh from Shoukath Ali, already facing a hawala case, and, based on information provided by him, recovered Rs 36.98 lakh from the residence of a businessman.