The three men were travelling in a car which was intercepted and searched last night following a tip-off that cash was being taken for converting black money into white, police inspector Jivba Dalvi told PTi.
During the search, the three men were found with a bag carrying Rs 24 lakh in Rs 2,000 denomination, he said.
The men were part of a gang allegedly involved in converting black money into white by charging 40 per cent commission, he said.
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