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ED seizes Rs 58-lakh cash from trader in Ludhiana

Enforcement directorate (ED) sleuths raided a prominent trader of asafoetida (heeng) in the city on Tuesday night and recovered unaccounted cash amounting to Rs 58 lakh.

Updated on: Dec 28, 2016, 11:38:20 IST
Hindustan Times | By , Ludhiana
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Enforcement directorate (ED) sleuths raided a prominent trader of asafoetida (heeng) in the city on Tuesday night and recovered unaccounted cash amounting to Rs 58 lakh.

The ED team seized Rs 54 lakh in Rs 100 notes and Rs 4 lakh in Rs 2,000 notes. (HT Representative Image)
The ED team seized Rs 54 lakh in Rs 100 notes and Rs 4 lakh in Rs 2,000 notes. (HT Representative Image)

The raid at the residence of the trader near Kitchlu Nagar area began at 9 am and continued till 6:30 pm. After a thorough search, the ED team seized Rs 54 lakh in Rs 100 notes and Rs 4 lakh in Rs 2,000 notes.

The ED officials refused to divulge further details regarding the raid and carried the seized cash with them to their Jalandhar office.