In Hyderabad IT dept seizes INR 66 lakh cash in new INR 2,000 notes

The Income Tax department (IT) has seized INR 66 lakh in cash, in INR 2000 notes as part of the anti-black money abolition operations in Hyd...

The Income Tax department (IT) has seized INR 66 lakh in cash, in INR 2000 notes as part of the anti-black money abolition operations in Hyderabad. In search of an apartment it officials found INR 36 lakh in cash, in INR 2,000 denominations at the Himayatnagar on 16th December.

On 17 December, investigators along with police stopped a speeding Honda Activa in Tank Bund area. And the cash of INR 30 lakh in INR 2000 denomination was found with two persons. The case is being under investigation.  The sources says that these two persons were made in the city as part of taxman's anti-black money enquiry post demonetisation.