Rs 58 lakh cash and foreign currency including US dollars seized from 'hing' trader in Punjab

New Delhi: In its ongoing crackdown against black money, the Income Tax Department and the Enforcement Directorate continue to seize whopping amounts of cash from different parts of the country. Up until now, black money of over Rs 711 crore has been seized by the police. Several names, big and small, have come in the light for the possession of black money. The recent includes a 'hing' trader in Punjab. Ludhiana, Punjab The Enforcement Directorate on Tuesday seized unaccounted cash of over Rs 58 lakh, including Rs 4.50 lakh in the denomination of Rs 2000 and Rs 1.50 lakh in foreign currency, from the premises of a trader in Ludhiana in Punjab. Picture: ABP News Acting on a tip-off, the sleuths of ED swooped down on the premises of a spice trader in Ludhiana's Kitchlu Nagar area. The seizure included Rs 54 lakh in Rs 100 notes and Rs 4.50 lakh in Rs 2,000 denomination, the ED officials said on Tuesday. The ED also seized foreign currency, including the US and Singapore dollars, valuing Rs 1.50 lakh, from the asafoetida ('hing') trader. Earlier, ED had conducted three operations in Chandigarh this month. In its first operation, ED had seized Rs 2.19 crore, including Rs 17.74 lakh in Rs 2,000 denomination, from the house of cloth merchant on December 14. On December 16, the ED sleuths recovered about Rs 30 lakh cash, including Rs 18 lakh in new currency along with 2.5 kg gold from the premises of a tailor here. In the third operation, ED had seized Rs 50 lakh, including Rs 46.80 lakh in new currency, from the premises of the owner of an educational institute here on December 18. Cash continues to be seized in other parts of the country as well. Navi Mumbai, Maharashtra Cash totalling Rs 45 lakhs in new currency notes of Rs 2000 was seized here after police raided commercial premises of a firm at Kharghar in Navi Mumbai. Picture: ABP News The raids were conducted on December 26 following which five persons were detained in this connection, ACP Niteen Kouthadikar told newsmen here. Picture: ABP News Cops swooped down on the premises on a tip off that some persons were exchanging old notes for new ones for a commission. Those detained were Jaidas Vilas Telavane, 34, Suresh Manji Phatak, 32, Iqubal Karim Patel, 46, Mahesh Vasant Patel, 31 and Juber Nizamuddin Patel, 40, police said. The seized cash was handed over to Income Tax officials, who are further probing the case. Sangrur, Punjab Cash totalling almost Rs 18.5 lakh was seized from a gang in Sangrur, Punjab. Picture: ABP News The entire cash seized was in new currency notes. The gang that has been busted illegally converted old currency into new on commission. Notably, 8 including three police officers have been arrested in this case. Picture: ABP News Sangrur police in this regard has started its probe to suspend the accused policemen. More details: The amount of Rs 711 crore that has been seized by tax officials all over the country until now is so big that if it had reached the ATM machines, then 24,28,000 people would have been able to withdraw up to Rs 2500. While, 2,96,250 people would have been able to withdraw Rs 24,000 from the banks.