Acting on a tip-off, sleuths of unit 2 of the crime branch nabbed the angadia firm owner Vasant Revadia on Sunday (December 25) with the cash, they added.
Revadia was transporting the cash from his Kalbadevi office to Zaveri Baazar, a senior police official said.
He was nabbed and asked the source of the cash, which he was carrying in a bag, the officer added.
Revadia was detained after he did not give a satisfactory reply, he added.
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