Poll officials seized Rs 12.48 lakh from a car in Ulhasnagar in Maharashtra's Thane district late Tuesday night, said an official.
The model code of conduct is in force across the state for the October 21 Assembly polls.
"The car's occupant could not give a satisfactory answer about the antecedents of the cash. It has been seized and kept at MFC police station in Kalyan," he said.
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