IT Raid: New currency notes worth ₹70 crore seized in Chennai
- Income Tax Department sleuths seize ₹70 crore in new currency
- Officers also seized 100 kg gold
- A total of ₹90 crore cash seized
- ₹1.75 crore was seized and eight people were arrested on Wednesday
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The I-T department personnel have recovered ₹90 crore in cash after they busted a money exchange racket operating from Chennai. Of the total amount, ₹70 crore was in new currency.
Also Read: Karnataka CM’s aides caught with ₹4.5 crore new notes
It can be noted that the I-T sleuths had arrested eight persons on Wednesday and had seized a whopping sum of ₹1.75 crore.
Also Read: Demonetisation haul: Actor Balakrishna's wife caught with ₹10 lakh
Businessmen Sekar Reddy, Srinivasa Reddy and Prem were questioned by the IT sleuths in this regard.
Also Read: Massive 'black-to-white' scheme busted, ₹50 lakh confiscated
Last Updated Mar 31, 2018, 7:02 PM IST
