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Man travelling in chartered jet held with Rs 3.5 crore in old currency

A Bihar-based businessman, who arrived in Nagaland in a chartered jet on Tuesday, was held for allegedly carrying Rs 3.5 crore in demonetised currency.

india Updated: Nov 22, 2016 14:56 IST
PTI
PTI
Demonetisation,Black money,Rs 500 and Rs 1000 notes
Security measures have been stepped up by security agencies and the Central Industrial Security Force at airports in the wake of the demonetisation of the two large currency notes of Rs 500 and Rs 1000 by the government. (Representative Image)

A Bihar-based businessman, who arrived in Nagaland in a chartered jet on Tuesday, was held for allegedly carrying Rs 3.5 crore in demonetised currency.

Identified as A Singh from Bihar’s Munger district, he was questioned by officials of central security agencies and the CISF before his case was handed over to local income tax authorities.

“CISF sleuths acted on some prior inputs and intercepted the passenger as soon as he landed here. Initially, the amount detected was said to be Rs 5.5 crore but later I-T authorities reported the final amount with him to be Rs 3.5 crore. The taxman is investigating the source of the currency,” officials said.

Security measures have been stepped up by security agencies and the Central Industrial Security Force at airports in the wake of the demonetisation of the two large currency notes of Rs 500 and Rs 1000 by the government.

First Published: Nov 22, 2016 14:55 IST