Rs 20 lakh defunct notes seized from Bhavnagar

Image
Press Trust of India Ahmedabad
Last Updated : Dec 01 2016 | 6:57 PM IST
Police today seized cash worth Rs 20 lakh in scrapped Rs 1,000 notes from a vehicle at Vartej crossroads near Bhavnagar district of Gujarat.
Babusinh Parmar, a construction contractor from Palitana, was carrying the currency notes on his four-wheeler allegedly after collecting them from a relative living in Bhavnagar, and was on his way to his home town in Palitana in the same district, police said.
Police stopped his car and found out that he was in an inebriated state. When his vehicle was checked, Rs 20 lakh in Rs 1,000-currency notes was recovered from his vehicle and he was detained.
"When asked about the source of the money and where he was carrying it, Parmar said that he had collected the money from his relative living in Bhavnagar," Vartej police official said.
"Parmar was booked under relevant sections of the motor vehicle act for drunk driving. He was detained and cash was seized and handed over to the Income Tax department," the official said.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*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

More From This Section

First Published: Dec 01 2016 | 6:57 PM IST

Next Story