Election authorities seized Rs 10 lakh in cash at a checkpost in Bhiwandi town of Thane district in poll-bound Maharashtra, an official said on Friday.
This was the first cash seizure in Thane district after the assembly poll schedule for Maharashtra was announced on September 21.
Acting on a tip-off, officers stationed at the Chavindra checkpost spotted a car entering the powerloom town. On searching the vehicle, they found Rs 10 lakh in cash, an official release said.
The driver, identified as Suresh Dharmani, could not provide a satisfactory explanation about the source of the money, it said.
The cash was subsequently seized and deposited in the treasury on the orders of Mohan Naladkar, the returning officer for the Bhiwandi (East) assembly constituency, the release said.
Last week, Thane collector Rajesh Narvekar, who is also the district election officer, had asked officials to keep an eye on movement of cash ahead of the October 21 voting.
He has directed banks to provide proper identification papers and letters to those transporting cash for loading in ATMs.
Narvekar has instructed banks to monitor high-value transactions and report them to authorities concerned.
He has said banks also need to monitor transactions made by friends and family members of the contesting candidates.
Disclaimer: No Business Standard Journalist was involved in creation of this content
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 →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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
