India News | Cash Worth Rs 42 Lakh of Rs 2,000 Denomination Seized in Punjab's Hoshiarpur
Get latest articles and stories on India at LatestLY. Cash worth Rs 42 lakh in the denomination of Rs 2,000 was seized from a duo during a police patrol here on Wednesday, police said.
Hoshiarpur, May 31 (PTI) Cash worth Rs 42 lakh in the denomination of Rs 2,000 was seized from a duo during a police patrol here on Wednesday, police said.
Model Town Station House Officer Inspector Karnail Singh said the duo riding a scooter was intercepted on the Tanda Road here.
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The accused -- Rajni and Shankar Maini -- are local residents and failed to give any satisfactory explanation about the cash in the scooter's boot, Singh said.
The income tax department is further probing the matter, the SHO said.
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On May 19, the Reserve Bank of India announced the withdrawal of Rs 2,000 currency notes from circulation. It also advised banks to stop issuing Rs 2,000 denomination banknotes with immediate effect.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)