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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
Corruption thrives Rs 70 crore in new currency seized in Chennai


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

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