Rs 73 lakh cash in defunct denomination notes seized in Nashik

The two cars have been impounded by the police after the seizure of the cash.

Police in Maharashtra’s Nashik area seized nearly Rs 73 lakh in now defunct denominations notes of Rs 1000 and Rs 500 from two cars on Thursday.

Niphad police station in-charge, Ranjit Dere said, police  found Rs 32,99,500 in one car proceeding from Nashik to Kopargaon during a nakabani on the Nashik-Aurangabad road in Nashik.

Dere added that another car going from Gujarat to Vaijapur in Maharashtra’s Aurangabad district was also intercepted in which Rs 40 lakh in cash was found.

After the seizure of around 73 lakh, the police later informed the Income Tax department officials and also called a bank manager to come along with a counting machine to ascertain the exact value of the cash.

Police, however, has not disclosed names of the car owners and the purpose for carrying the large amount of cash as the details were yet to be ascertained. Following the cash seizure, the cars were impounded by the police, Dere added.