Police seized Rs 16.35 lakh cash in valid currencies in two separate incidents and detained three persons.
The cash comprised Rs 16 lakh in denomination of 2,000 rupee and rest in Rs 100 bill, police said on Friday.
In the first incident, Hiren Joshi was nabbed by Bhaktinagar police with 400 notes of Rs 2,000, amounting to Rs 8 lakh.
“Based on a tip off, we intercepted Joshi near Kothariya colony area late last night. Upon searching his bag, we found Rs 8 lakh in cash. All notes were of Rs 2,000 denomination,” said Bhaktinagar police sub-inspector MJ Dhadhal.
According to police, Joshi told them he has been asked by a person to deliver these notes to an auto spare parts dealer.
“Since Joshi could not give any specific details about the source of cash, we have detained him and informed income tax department about the cash seizure. We have also launched a hunt to nab the supplier as well as receiver of these notes,” Dhadhal added.
In another incident on the outskirts of the city, police nabbed two persons with Rs 8.35 lakh cash, including Rs 8 lakh in Rs 2,000 bills and Rs 35,000 in Rs 100.
“Two persons on a bike were intercepted by our staff when they tried to drive away upon seeing the police near Pedak Road Gate. Upon searching their bag, we found Rs 8.35 lakhs cash, including 400 notes of Rs 2,000 and 350 notes of Rs 100,” said ‘B’ division police inspector DH Bhatt.
The duo were identified as Ashok Koshiya and Kaushik Rajyaguru.
“They claimed to be wholesale dealers but failed to give any satisfactory explanation about the cash in their possession. We have taken them in custody and informed I-T department for further action,” said Bhatt.