In run-up to the next month's assembly elections in Maharashtra, Election Commission officials and police have seized Rs 1 crore cash from an SUV in suburban Kandivali in Mumbai, an official said on Saturday.
Acting on a specific tip-off, personnel from Samta Nagar police station and EC officials flagged down the SUV on the Western Express Highway on Friday night and made the seizure, Senior Inspector Raju Kasbe said.
The model code of conduct is in place in Maharashtra where the single-phase elections will be held on October 21.
"Nine persons were inside the vehicle. We found Rs 1 crore cash in denominations of Rs 2000 and Rs 500," he said.
The officer said the owner of the vehicle, identified as Amit Seth from Gujarat, claimed to have borrowed Rs 20 lakh cash from a friend.
Seth and eight others have been handed over to the Income Tax department for investigation, Kasbe said.
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