News Karnataka
Thursday, December 08 2022

Hubballi Police recover unaccounted cash of Rs. 60 lakh; arrest 2

Photo Credit :

Hubballi: The Hubballi Keshwapur Police have recovered Rs. 60 Lakh unaccounted money with Rs. 500 and Rs. 1000 denominations, which was being illegally transported by two persons in the wee hours on Monday.

Based on a tip off, the police team acted swiftly and waylaid a Scorpio vehicle near St. John’s Church at 5.20 am on Gadag Road.

During the inquiry, the accused Srinivasmurthy N and Praveenkumar Jain of Hospet failed to give a proper explanation and produce documents regarding the money. While Srinivasmurthy is a vegetable vendor, Praveenkumar sells electrical goods in Hospet.

The money was being taken to Hospet from Hubballi when they were arrested by the police. The vehicle used for transportation of money has been seized. Inquiry is on to ascertain the source of the money, police said.

A case has been registered with Keshwapur Police station in this regard.

This big catch by the Police is first ever case related to illegal money transportation, after the Narendra Modi government announced demonetisation of high value currency.

Share this:
Support NewsKarnataka's quality independent journalism with a small contribution.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Leave a Reply

Your email address will not be published. Required fields are marked *

Visit 7Jackpots and find the best online casinos in India! Play the most popular casino games for real money!

Find the best odds at 10Cric and ipl betting 2021! Signup today and get up to a 100% deposit bonus.

To get the latest news on WhatsApp