• Tamil Nadu CM J Jayalaithaa passes away after a cardiac arrest in Apollo Hospital Chennai
  >>    >>    >>   I-T department seizes Rs 4.7 crore in new Rs 2000 currency notes in Bengaluru

I-T department seizes Rs 4.7 crore in new Rs 2000 currency notes in Bengaluru

The search was carried out by the Income-Tax department of Karnataka and Goa at the residences of two state government engineers and two contractors on Wednesday.


By   |  Updated On : December 01, 2016 08:01 PM
IT department seizes over Rs 4 crore in new currency notes in Bengaluru (Pic: ANI)

IT department seizes over Rs 4 crore in new currency notes in Bengaluru (Pic: ANI)

Bengaluru :  

The Income Tax (IT) department on Thursday seized more than Rs 4.7 crore in new currency notes after conducting searches in premises of two individuals in Bengaluru, reports said.

The search was carried out by the Income-Tax department of Karnataka and Goa at the residences of two state government engineers and two contractors on Wednesday.

Rs 6 crores cash, including Rs 4.7 crores in new currency of Rs 2000, and jewellery in excess of 7 kg were recovered. 

The new currency notes of Rs 500 and Rs 2000 were introduced on November 8 when Prime Minister Narendra Modi announced that the high value old currency notes of Rs 500 and Rs 1000 will be demonetised.

After Narendra Modi government’s surprise move, people have been seen queueing up at banks and ATMs to withdraw cash.

First Published: Thursday, December 01, 2016 05:26 PM

POPULAR TAGS: Demonetisation, Currency, Black Money, Narendra Modi,


For latest india news on mobile, download News Nation Android app, Windows app and Iphone app. Also like News Nation's official Facebook page and follow us on Twitter and Google Plus to stay tuned to latest news.


MORE FROM NEWS NATION