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Home News Reports Largest ever haul of Demonetised currency worth over Rs. 100 crore seized from Kanpur

Largest ever haul of Demonetised currency worth over Rs. 100 crore seized from Kanpur

As per reports by Times Now and ANI, a very large haul of demonetised currency has been seized by NIA in Kanpur, Uttar Pradesh.

The seize happened yesterday when NIA raided a residential building in Kanpur, UP’s industrial hub. The cash is reported to have been stored in several rooms of a multistoried building. This is being stated as the single largest haul of demonetised currency seized so far. The largest count was Rs 40 crores seized from a lawyer’s house in New Delhi’s Defense Colony last year.

Times Now has reported that until last evening Rs 80 crores have been counted by NIA and the counting was still underway.

The raid was being carried out by NIA with the help of UP Police in the said building in Kanpur. NIA officials have estimated the total cash haul to well exceed Rs 100 crores. More details are awaited.

ANI has also reported that the demonetised currency was being counted and investigations are still on

According to the TimesNow report, sources have said that they are looking at the involvement of Government officers Another officer has reportedly said that the raid was conducted in Seesamau pocket of Kanpur and some people were detained from a hotel in Swaroop Nagar pocket.

The raid is being monitored by Inspector General (Kanpur Range) Alok Singh, according to reports.

After November 8th 2016, when Demonetisation was announced, the Government has consistently upped the ante to nab hoarders and defaulters. We had reported how the Income Tax department was all set to send tax notices to 1.16 Lakh tax depositors post demonetisation. We had also reported how Congress tried to debunk the historic step by spreading half truths and whole lies and had elucidated what Demonetisation had achieved after one year.

With this large cache of demonetised notes found by the authorities, it remains to be seen who the culprits are, that the NIA and police refuse to name for the moment.

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Staff reporter at OpIndia

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