NEWS

ED Seizes ₹93 Lakh In New Currency Notes From 7 Middlemen In Bengaluru

The middlemen had some link with bank officials.

13/12/2016 9:27 AM IST | Updated 13/12/2016 9:39 AM IST
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BENGALURU -- The Enforcement Directorate on Tuesday seized ₹93 lakh in new currency notes from seven middlemen in Bengaluru.

One of the ED officials presented himself as customer to these middlemen.

The middlemen had some link with bank officials.

The Enforcement Directorate is conducting further investigation to ascertain the links.

Since 8 November, when Prime Minister Narendra Modi announced his government's move to demonetise high-denomination currency of ₹500 and ₹1000, many cases of seizure of new cash has come to light.

Recently, ₹13.50 crore were seized by the Income Tax Department from a law firm in Delhi's Greater Kailash out of which ₹2.61 crore were in new currency.

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