This post is in continuation of my This is India ! Series (see here)
According to newsreports,
The Income Tax Department and National Investigation Agency personnel on Monday night seized cash worth Rs 2,500 crore and gold from four trucks here and detained 47 people. The trucks were apprehended from outside Mumbai Central railway station. According to reports, the cash was to be transported to Ahmedabad on Gujarat Mail. In an interesting twist in the case, it has been revealed that an Inspector stationed at South Mumbai’s VP Road and his colleagues had escorted the trucks to station. The joint operation by more than 100 officers was carried out at around 9 pm, when the four trucks reached outside the Mumbai Central station to unload the suitcases. Those detained with around 150 suitcases of cash are being grilled.
So you have 1/2 Billion $ in cash seized outside a railway station !This is more than the market cap of 90% of the companies listed on India’s equity markets.
This is India !
2 replies on “2500 Crores cash seized from 4 trucks”
Wide variation in estimation of cash and gold in various news paper reports..one can understand variation as no one would know for sure..
but range is as wide as 150-200 crs to 2500 crs!!!
This is India.
Yeah..some news reports later changed it to 200 Crores of fake currency !Astonishing !