Assam police seized more than Rs 1.5 crore in new currency notes from a 85-year-old businessman’s house in Guwahati on Monday.
Investigators are puzzled about the source of cash seized from the ex-hotelier who lives on rental income.
Additional director general of police (CID), Anil Kumar Jha, said that police was acting on a tip-off when they found Rs 1,54,81,000 crore cash in the new 500- and 2000-rupee notes at Hardeep Singh Bedi’s house in Beltola area.
“Out of the total amount, Rs 1,54,06,000 was in Rs 2,000 notes, while the remaining Rs 75,000 was in new Rs 500 notes,” Jha said.
The police have handed over the case to the Income Tax department and its deputy commissioner, P Borah, is carrying out further investigation, the senior police official said.
(With inputs from PTI)