Massive IT raids: New, old currency notes seized across country


New Delhi: Large amounts of old and new currency notes have been seized in the Income Tax (IT) raids post demonetisation.

On Wednesday, new currency worth Rs 2.25 crore was seized during raids in Bengaluru and over Rs 3 crore in banned currency were found in a hotel in Delhi this morning. Yet another raid was carried out in Chandigarh, where over Rs 2 crores, mostly in new notes, have been seized.

Meanwhile, two-wheelers carrying new notes worth Rs 67 lakh were also caught in Goa. In Delhi, five people were caught with Rs 3.25 crore in old notes in Karol Bagh. The money was to be flown to Mumbai and allegedly belongs to Hawala operators.

In another incident, CBI seized Rs 1.04 crore in new Rs 2000 notes from a local businessman on Tuesday evening from Thane.  Likewise IT department seized around Rs 32 crore new notes in various raids on Saturday.

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