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Madhya Pradesh: Police Recovers Rs 47 lakh in cash from a car which was on the way to Amravati in Maharashtra

A local resident, Govind, was taking the money to Amravati to exchange illegally with lower denomination notes

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Chhindwara, November 14, 2016: The police on Monday recovered Rs 47 lakh in cash in now demonetised currency notes of Rs 500 and Rs 1,000 from a car, which was on way to Amravati in Maharashtra from here, a senior official said.

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The Income Tax Department has been informed about the recovery of the illegal currency notes, said Superintendent of Police J.J. Pathak.

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Pathak told IANS: “Mohgaon police got the information about cash being carried in a car to Amravati. Acting on the tip-off, an Indigo car was searched and the money was found in bags. The entire Rs 47 lakh was in old Rs 500/1,000 notes.”

A local resident, Govind, was taking the money to Amravati to exchange illegally with lower denomination notes, according to the police officer.

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The central government demonetised currency notes of Rs 500 and Rs 1,000 dnomination on November 8 to curb black money in the country as also to break the back of terror outfits thriving on black money and fake currency notes. (IANS)

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Income Tax Department Raids over 50 places in NCR, Recovers Rs 7 Crore

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Income Tax Department Raids in NCR. ians

New Delhi, Oct 7: The Income Tax Department on Saturday raided over 50 premises belonging to a leading auto spare parts manufacturing firm in the National Capital Region and recovered cash worth Rs seven crore, officials said.

An Income Tax Department official requesting anonymity told IANS that the searches were carried out at offices and properties of the Jai Bharat Maruti Group across Delhi, Harayana’s Gurugram and Faridabad and Uttar Pradesh’s Ghaziabad.

Besides the cash, three kg of gold was also recovered.

According to Income Tax Department officials, the Jai Bharat Maruti Group, is a leading supplier of automobile spare parts to firms like Maruti Suzuki and Ashok Leyland.

The official also said that the raids were being carried out since Thursday. (IANS)

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