Free Press Journal

Rs 1.40 cr in new Rs 2,000 notes seized at Andheri, owner claims wanted to buy Gold


Post-demonestisation people have found newer ways to convert their black money into white, there will always remain a question that how they manage to do it. Contradicting PM’s move, people are managing to convert black money into white.

In Mumbai, people managed to convert their black money into white, but some were caught while moving the cash from one place to another.

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In another such haul of cash in the megapolis, the police yesterday evening seized Rs 1.40 crore from three persons riding in a car on the Juhu-Versova Link Road in suburban Andheri. They were caught at a ‘Nakabandi’ in Andheri (West).

The three people who were caught are bullion traders, and the amout caught with them was in new Rs 2000 currency notes.

Police stopped the car during vehicular checking near Juhu Tara Complex at around 7 pm. Upon checking, the cash was discovered.

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The DN Nagar police have also detained the driver and the Toyota Etios car in which they were travelling. The three persons who were riding in the car were being questioned, said Mumbai police’s spokesperson DCP Ashok Dudhe.

Jayendra Zaveri, is one the person who was caught yesterday, he has claimed he runs Ronak Gems at Opera House. He told police that they had come to Juhu to buy 5 kg gold from a jeweller.

The police have raised doubts why they were buying so much gold when there is cash crunch going on in the country. To verify Zaveri’s claims, police called up the jeweller he claimed he was going to meet, but the phone of the jeweller was switched off. Police has told Zaveri to produce documents for the same. (Inputs from PTI)