IT officials seize Rs. 2.3 cr cash from car's spare type

Shivamogga: The Income Tax department on Saturday, April 20 busted Rs. 2.3 crore in cash from the spare tyre of a car travelling from Bengaluru to Shivamogga.

Reportedly, the tax department officials after receiving the information about cash being transported from Bengaluru to Shivamogga intercepted a cash handler and searched his vehicle and found the cash stuffed in the spare tyre of the vehicle.

“Based on credible intelligence that cash would be transported from Bengaluru to Shimoga and Bhadravati, a cash handler was intercepted and his vehicle was searched. Cash in Rs. 2,000 denomination has been found stuffed inside the wheel of the vehicle,” the tax department said in a statement.

“The intelligence suggested that the person is accumulating cash for distribution for election purposes. A seizure of Rs. 1 crore has been made so far in this case,” the department said.

In a video, officials are seen sitting on the floor of a room with the tyre. While one official holds up the tyre, another official takes out bundles of Rs. 2,000 notes. The video pans to a table, where more than 20 bundles recovered from the tyre are kept.