A stitch in time? Raid on Chandigarh tailor nets Rs 30 lakh cash, 2.5 kg gold
Rs. 18 lakh were in new Rs. 2,000 notes and the rest were in 100- and 50-rupee notes.
In one of the operations to weed out black money, Enforcement Directorate on Saturday seized Rs. 30 lakh in cash and two and a half kilograms of gold from the premises of a prominent tailor in Chandigarh.
According to a PTI report, out of the seized cash, Rs. 18 lakh were in new Rs. 2,000 notes and the rest were in 100- and 50-rupee notes.
After getting a tip off, the Enforcement Directorate investigators swooped down on the premises of Maharaja Tailor in Punjab's Mohali and at sector 22 in Chandigarh.
It has found that the owners of the tailoring shop had bought 2.5 kg gold at a rate of Rs. 44,000 per 10 gram after demonetisation. ED found the details when they examined the bill books of the shop.
ED official said that they were verifying how the notes were exchanged and who the owners of the shop bought the gold from.
The seizure in Chandigarh comes three days after the probe agency's investigators recovered Rs. 2.19 crore cash from a cloth merchant in Chandigarh.
The report added that Chandigarh Police arrested a senior bank employee of a private bank in Mohali for allegedly providing new currency to cloth merchant Inderpal Mahajan on commission basis.
On December 14, Enforcement Directorate had also seized Rs. 2.19 crore including Rs. 17.74 lakh in Rs. 2,000 denomination, Rs. 12,500 in Rs. 500 denomination from the house of Mahajan.