Black money crackdown: Rs 2.5 crores seized in Bengaluru, Rs 3 crores in Delhi and Rs 2 crores in Chandigarh

Rs 2.25 crore in new currency was seized in Bengaluru, more than Rs 3 crores in banned currency were recovered from a hotel in Delhi and over Rs 2 crore, mostly in new notes, was found in Chandigarh during raids on Wednesday. Rs 67 lakh in new currency were also caught in Goa from two-wheelers.

Delhi Police raided a hotel in Karol Bagh and recovered Rs 3.25 crore in demonetised notes from five persons, police said on Wednesday.

Based on secret information, the Crime Branch conducted a joint raid with Income Tax officials late last night at Taksh Inn in Karol Bagh and found five persons in two rooms of the hotel carrying a total amount of Rs 3.25 crore, said Ravindra Yadav, Joint Commissioner of Police (Crime).

The recovered amount was kept in different suitcases and cardboard box.It was found during interrogation that the money belongs to some Mumbai-based hawala operators, said the officer.

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Raids are being conducted and cash being seized almost every day amid a cash crunch following the government’s decision to ban Rs 500 and Rs 1,000 notes last month.