A Bihar-based businessman, travelling alone in a chartered jet, was apprehended on Tuesday at the airport in Dimapur for allegedly carrying Rs. 3.5 crore in demonetised currency; however the seized currency went missing in just a matter of hours whereas police seized 500 of new Rs. 2000 denomination notes from a family in Ahmedabad.
In one of the biggest seizure of its kind post the demonetisation of Rs. 500 and Rs. 1,000 notes the a Bihar-based businessman, travelling alone in a chartered jet, was apprehended at the airport in Nagaland for allegedly carrying Rs. 3.5 crore in demonetised currency.
Officials had apprehended a man identified as Amarjit Kumar Singh, who had booked the chartered flight from Hisar in Haryana.
The cash was seized by Central Industrial Security Force (CISF) personnel at Dimapur after a tip-off from the Intelligence Bureau and the local income tax staff was called for further action on the unaccounted wealth.
However, much to their shock, the cash was nowhere to be found. The local I-T officer has reportedly claimed that the cash had been lying with the security personnel all along and that he had nothing to do with the entire incident.
Whereas in Ahmedabad, a family drew the attention of police after they ‘withdrew’ Rs. 12.4 lakhs, mostly in newly-introduced Rs. 2000 denomination notes, despite restrictions on cash withdrawal limit.
The family claimed that they had withdrawn the cash from different bank accounts for wedding expenses. However, police seized the money when the family members failed to prove that the money was meant for a marriage ceremony.
Officials said they are looking to loosen restrictions on wedding spending. After the government abolished the old 500- and 1,000-rupee notes, families were allowed to withdraw 2.5 lakhs in cash (either the groom’s or the bride’s family). To make payments in cash, it had to be proven that the recipient- a vendor like a caterer, for example- does not have a bank account.