Over Rs 1.50 crore seized from Jaipur cooperative bank

In the ongoing series of crackdown on currency note hoarders, the Income Tax Department on Monday seized over Rs 1.50 crore from a cooperative bank here, an official source said.

"Out of this, over Rs 1.30 crore was recovered in the new currency notes, most of which were Rs 2,000 notes," he said.

It is one of the biggest seizures by the IT Department in the state.

The search at the bank was going on and the accounts were being scrutinised when the reports last came in.

"We have also seized gold and jewellery worth lakhs from an anonymous locker," the source added.

--IANS

as/nir/vt