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Their motorcycles were also seized, they said.
A senior police officer said, ”We received a tip-off that four men were carrying a large amount in cash on two motorcycles. A team from the Subroto Park police post barricaded the area and started checking the vehicles.” The team intercepted two motorcycles with four men carrying two large black bags, he said.
”The team seized about Rs 3 crore in the two bags. Our initial suspicion is that it is ‘hawala’ money and an investigation has begun,” said the officer.
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Police sources said the ”hawala” money belonged to a scrap dealer in Shahdara.
”Following the Election Commission’s guidelines, the information was passed to senior officers of the election flying squad and Income Tax authorities,” the officer said.