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Two arrested in Noida with Rs 1.37 cr in cash

Two arrested in Noida with Rs 1.37 cr in cash

Noida: Gautam Buddh Nagar police on Thursday seized around Rs 1.37 crore in cash from a van in police station Phase 3 area of Noida. Cops said that the occupants of the van failed to provide a reason for which they were carrying such a large amount of cash.

According to police, two persons travelling in a van were stopped by police during routine checking near Bahlolpur village in phase-III area of Noida on Thursday morning. Cops added that while searching the vehicle, police recovered two boxes which contained cash in denominations of large currency notes.

"During routine checking, police team intercepted a van and upon searching the vehicle found large quantity of cash. Upon questioning the occupants of car about where they have been taking the cash, no satisfactory answer was received. However, they neither had any documents related to the cash. Police have seized the cash while Income Tax Authorities have been informed and we are ascertaining the source and destination of the money," said Vaibhav Krishna, Senior Superintendent of Police, Gautam Buddh Nagar.

Meanwhile it is said that the van belonged to a logistics agency while the cash recovered was supposed to get filled into the ATM machines.

"It has also come to light that the van belonged to a logistics agency but they were not following any guidelines issued by RBI and didn't provide any related documents. We are investigating the matter covering all the possibilities,"

added Krishna.

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