Rs 1 crore with Rs 1000 notes seized in Navi Mumbai, four detained

In Navi Mumbai’s Vashi, Rs one crore, in demonetised Rs 1,000 currency notes has been seized from a luxury car and four persons have been detained in this connection, police said.

"Acting on a tip-off, police laid a trap. When the car came and halted near a housing complex at Sector 28 in Vashi last evening, the police team checked the vehicle and found two bags full of currency notes of Rs 1,000 denomination," an official release by Navi Mumbai Police said.

The four occupants of the vehicle, Prasad R Patil (36), an estate agent from Uran in Raigad district, Harishchandra Shinde (60), builder from Kharghar in Navi Mumbai, Pramod Padle (43), property agent and Avinash Jail (31), a cloth merchant, both from Byculla in Mumbai, have been detained and are being interrogated, Inspector Ashok Rajput said.

During interrogation, the accused said they had come to Vashi to get the old notes exchanged, but did not reveal the source of the cash and where they planned to get the notes exchanged, police claimed.

"As the four persons did not provide any documentary evidence of the source of the cash, the Income Tax Department has been informed about it. Their car worth Rs 10 lakh has also been seized," they added.

A case has been registered at Vashi Police Station and further probe is on, police added.