Old currency notes of Rs 32 lakh in the denomination of Rs 500 were seized from a property dealer near Shivalik Gold hotel under Hanumanjganj police station area late in the night on Sunday.
Acting on a tip off, regarding transportation of old currency notes in huge quantity, a man was detained near Shivalik Gold hotel. The car was driven by the owner of the car Sanjay Kumar Mudgal of Siddharth lake City in Anand Nagar who works as a property dealer.
A Honda city car bearing registration number MP04-CM-1001 was stopped and when it was searched, a bag carrying 64 stacks of currency notes in the denomination of Rs 500 were recovered.
SHO of Hanumanganj police Jitendra Pathak said that acting on a tip off a man was detained and when his car was searched a total of Rs 32 lakh cash of old currency notes were recovered. Sharma claimed that he was detained when he was on way to meet his friend at Shivalik Gold at Hamidia road.
Initially, when Sanjay was detained he told the police that the money was obtained in a land deal in Raisen but was not able to provide relevant documents of deal and was not able to provide satisfactory details regarding transportation of notes. Details of the notes seized and Sharma were provided to the Income Tax department, said Pathak.
Police suspects that Sanjay was trying to convert his unaccounted money but before he could succeed he was nabbed. The money belongs to him or he was mediating for some other person would be investigated.