Rupees 4 crore of unaccounted cash seized in Ghaziabad

Ghaziabad, 19 March-2014(IANS): Almost Rs.4 crore of unaccounted money suspected to be meant for use during the upcoming parliamentary polls was seized from four different locations here Wednesday, police said.

Rupees 4 crore of unaccounted cash seized in Ghaziabad

Indian rupee collection

Indian rupee collection (Photo credit: Wikipedia)

Superintendent of Police Shivhari Meena said the cash was seized during a drive to keep tab on unaccounted cash flow. He said that while Rs.2 crore was found in the back of a van, police also seized Rs.26 and Rs.6 lakh from different vehicles.

The police official said another Rs.1.35 crore was seized from a car on National Highway 24.

“In view of the parliamentary elections, we launched a drive to unearth unaccounted money. As per rules, one cannot carry more than Rs.50,000 in cash,” Meena said.

“If somebody is found possessing more than the stipulated amount, he has to justify it through documents… So the drive proved successful when our team seized Rs.4 crore in a single go,” he added.

Posted by on March 19, 2014. Filed under Economy, Regional. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.