Kerala: 3 held with new currency worth Rs 52.5 lakhs
The I-T department has been informed of the seizure.
Unaccounted cash to the tune of Rs 52.5 lakhs, all in Rs 2,000 notes, has been seized at two places in the district and three persons arrested in this connection, police said on Sunday.
Fazlur Rahman (30) and Unnimoyi (52), natives of Kozhikode district, were found carrying Rs 50 lakhs in their baggage during a vehicle search at Valluvampuram between Kozhikode and Manjeri on NH 213 on Saturday night, they said.
The accused were travelling in a private bus from Kozhikode to Manjeri, police said, adding, the seizure was effected following a tip-off. They were arrested as they could not account for the money, police said.
In another incident, Rs 2.5 lakhs was seized from a motorcycle-borne youth near the Manjeri police station during a routine check for traffic violation on Saturday night. Jamsheer (22), native of Pattrakulam near Manjeri, was arrested and later released on bail, they added.