 "Cash seized in poll raid; four held")
Four persons were arrested after Rs 2 crore unaccounted cash was allegedly seized from them in the city, police said today.
During a raid as a part of poll-related checking, police intercepted a car at Morampudi junction here late last night and found the four persons illegally carrying Rs two crore, Rajahmundry (Urban) Superintendent of Police Ravi Kumar Murthy said.
"Such a huge amount was seized for the first time in East Godavari district," he said.
The amount was apparently drawn to pay the salaries and arrears of employees of a construction company, he said.
Interrogation of the arrested persons was on, Murthy added.
During a raid as a part of poll-related checking, police intercepted a car at Morampudi junction here late last night and found the four persons illegally carrying Rs two crore, Rajahmundry (Urban) Superintendent of Police Ravi Kumar Murthy said.
"Such a huge amount was seized for the first time in East Godavari district," he said.
Also Read
Those arrested were identified as V Srinivas, N Satya Sari Ram, M Srinivasa Rao and M Satyanaranaya.
The amount was apparently drawn to pay the salaries and arrears of employees of a construction company, he said.
Interrogation of the arrested persons was on, Murthy added.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%