Cash worth Rs 5 crore in newly-issued currency notes was seized in Bengaluru during raids conducted at the home of two individuals, NDTV reported on Thursday. An unidentified official said, “An investigation is on to find out how the accused got so many new notes.”
An official told the news channel that more than five kilograms of gold and six kilograms of jewellery, and high-end luxury cars including a Lamborghini were found at their residences. The accused are reportedly an engineer and contractor. An unidentified official said, “Huge stacks of Rs 2,000 notes have been recovered. The counting of the seized currency is still on.”
The official said that several identity cards were found at the houses and that some entry operators and bankers were under the scanner, PTI reported.
On Wednesday, Enforcement Directorate personnel conducted searches in 40 locations across the country in an attempt to crack down on black money procured from currency exchanges, hawala dealers and others. On November 8, Prime Minister Narendra Modi had announced that Rs 500 and Rs 1,000 notes will not be legal tender anymore. He said it was a step to fight black money, corruption and the circulation of counterfeit currency in the country.