Karnataka tops cash seizures’ list after demonetisation

Of the Rs 3,000-crore cash seized from across the country after demonetisation, 20 per cent is from Karnataka. Bengaluru stands first among the districts where illegal cash was uncovered

Karnataka tops cash seizures’ list after demonetisation

An unprecedented Rs 37.58 crore cash, in addition to 7.2 kg gold biscuits and 9 kg gold ornaments, has been seized in various raids conducted across Karnataka after Prime Minister Narendra Modi announced demonetisation of Rs 500 and Rs 1,000 currency notes.

Of the Rs 3,000-crore cash seized from across the country after demonetisation, 20 per cent is from Karnataka.

Bengaluru stands first among the districts where illegal cash was uncovered.


However, the highest amount seized by the I-T officials is from Chitradurga district, where businessman-politician Veerendra from Challakere had stacked Rs 5.7 crore new currency notes in a secret vault in his bathroom.

The officials also seized 32 kg gold. Rs 80 lakh was seized from four places after I-T raids. This was followed by Rs 1.29 crore from Dharwad.

Other seizures included Rs 9.8 lakh from Davangere, Rs 21,000 from Raichur, Rs 8 lakh old currency notes from Bidar, 25 lakh new currency notes from Kalaburagi, Rs 16 lakh from Vijayapura, Rs 72.78 lakh from Uttar Kannada, Rs 46 lakh from Chikkamagaluru, Rs 35.46 lakh from Kodagu and Rs 10 lakh from Chamarajanagar.

From Mysuru, two people were arrested and the officials seized about Rs 22.26 lakh.

Meanwhile, Rs 41.13 lakh was seized in raids conducted in three places of Belagavi.

While police in Udupi seized Rs 71 lakh of Rs 2,000 currency from three persons at Bailoor in Karkala Taluk, three persons were arrested by Puttur police and also seized Rs 18.8 lakh in cash including 168 notes in 2000 denomination.

Bengaluru shot to infamy with the seizure of a huge stash of Rs 2,000 currency notes, leading to the suspension of two senior Karnataka government bureaucrats, besides contractors and middlemen.

Micro-blogging site Twitter said demonetisation has been the most significant moment on Twitter this year, recording 6.50 lakh tweets in just 24 hours following the announcement (on November 8).