I-T dept seizes over Rs 4 cr cash in new currency in Bengaluru

December 1, 2016

Bengaluru, Dec 1: In one of the biggest seizures of new currency, the Income Tax department today confiscated over Rs four crore in searches against at least two individuals in Bengaluru.

Officials said the searches were launched on the premises of an engineer and a contractor.
The sleuths of the department seized over Rs four crore in new currency, mostly in denomination of Rs 2000, some notes of Rs 100, demonetized notes of Rs 500 and a few gold biscuits, they said

"Huge stacks of Rs 2000 notes have been recovered. The cash amounts to over Rs four crore. The counting of the seized currency is still on.

"This is one the highest seizures of the new currency. Some entry operators and bankers are under the scanner," a senior I-T department official said.

They said the department has also found a number of identity cards of various individuals from the searched premises which could have been used to illegally change the old currency with new ones.

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Why no mention of names of the persons who is involved in this..

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‘Profit’ trap: Mangaluru trader duped of ₹33.1 lakh in online App scam

News Network

December 7,2025

Mangaluru, Dec 7: A 34-year-old fruit and vegetable trader in Mangaluru has reportedly lost ₹33.1 lakh after falling victim to an online investment scam run through a fake mobile app.

Police said the scam began in September, when the victim received a link on Facebook. Clicking it connected him to a WhatsApp number, where an unidentified person introduced a high-return investment scheme and instructed him to download an app.

To build trust, the fraudster asked him to invest ₹30,000 on September 24. The trader soon received ₹34,000 as “profit,” convincing him the scheme was genuine. Over the next two months, he transferred money in multiple instalments via Google Pay and IMPS to different scanner codes and bank accounts shared by the scammers. Between September 24 and December 3, he ended up sending a total of ₹33.1 lakh.

When he later requested a refund of his investment and promised returns, the scammers demanded additional payments, claiming he needed to pay a “service tax” first. Even after he paid a small amount, no money was returned, and the scammers continued pressuring him for more.

A case has been registered at the CEN Crime Police Station.

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