Rs 24 lakh in new currency seized in Calangute
In yet another incident of new currency hoarding, cash worth Rs 24 lakh in new currency was seized from three locals in Calangute village of Goa, police said today.
The three men were travelling in a car which was intercepted and searched last night following a tip-off that cash was being taken for converting black money into white, police inspector Jivba Dalvi revealed to GoaChronicle.com
During the search, the three men were found with a bag carrying Rs 24 lakh in Rs 2,000 denomination, he said. The men were part of a gang allegedly involved in converting black money into white by charging 40 per cent commission, he said.
“We are interrogating them so that we can find the origin of the cash,” Dalvi added.