Sábado, 27 May, 2017

Rs 45 crore in old notes seized from tailor in Chennai

Government should stop layoffs in IT companies Government should stop layoffs in IT companies Chennai
Montez Delgado | 19 May, 2017, 22:14

Tamil Nadu Police on Friday seized Rs 45 crore of demonetised currency notes from a tailor shop in Kodambakkam's Zackariah Colony on Thursday. Dhandapani, also explained that the jewellery shop owner had asked him as a favour to keep the money until he could find a way to get it exchanged legally. The identity of the jeweller has not been made official by the Chennai police.

According to a report in the Times of India, a police team led by deputy commissioner T Nagar, Saravanan, and Kodambakkam inspector, Chittibabu raided the shop on a tip-off.

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A senior police officer told The Hindu, "As per provisions contemplated in Section 102 of Criminal Procedure Code, we have registered a First Information Report against Dhandapani and persons yet to be identified for hoarding demonetised currency". The shop- MV Ramalingam &Co- from where the money was seized is a tailoring shop, which specialises in stitching uniforms for government employees.

The owner of the shop who is now being questioned claimed that the money belonged to a jeweller in the city. "The case will be handed over to DRI or income tax department", the police said. Police said the money could have been stockpiled as his attempts to exchange it proved futile.

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Since the Prime Minister announced demonetisation on November 8, there have been multiple raids in Chennai. The raids on the premises of sand mining baron Sekhar Reddy and two of his associates last December have been the biggest so far. During the raid, the IT department had seized currency notes worth Rs 131 crore, including Rs 34 crore of new notes and 127 kg gold from the TN businessman.

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