Rs 30 lakh, 2.5kg gold recovered from tailor’s premises in Mohali, Chandigarh
The Enforcement Directorate has recovered about Rs 30 lakh in cash and 2.5 kg gold from the premises of a tailor as part of its operation to unearth illegal cash.black money crackdown Updated: Dec 17, 2016 13:19 IST
The Enforcement Directorate has recovered about Rs 30 lakh in cash and 2.5 kg gold from the premises of a tailor as part of its operation to unearth illegal cash.
The seizure comes three days after ED officials recovered Rs 2.19 crore cash from a cloth merchant in Chandigarh.
Acting on a tip-off, ED sleuths swooped down on the premises of Maharaja Tailor in Mohali (Punjab) and at sector 22 in Chandigarh.
The seizure included Rs 18 lakh in Rs 2,000 denomination and the rest was in Rs 100 and Rs 50 denominations, an ED official said.
The ED officials said they were verifying how the notes were exchanged and from whom, the owners of the shop bought the gold.
Officials were examining the bill books of the shop.
The owners of the tailoring shop had allegedly bought 2.5 kg gold at a rate of Rs 44,000 per 10 gram after demonetisation, they said.
Investigations were underway, ED officials said.
Meanwhile, the Chandigarh Police had arrested a senior bank employee of a private bank in Mohali for allegedly providing new currency to cloth merchant Inderpal Mahajan on commission basis.
The ED had seized Rs 2.19 crore including Rs 17.74 lakh in Rs 2,000 denomination, Rs 12,500 in Rs 500 denomination from the house of Mahajan on December 14.