Rs.80 million cash, truck-load of liquor seized in KarnatakaApril 10th, 2009 - 11:13 pm ICT by IANS
Bangalore, April 10 (IANS) Police seized Rs.80 million (Rs.8 crore) in cash and a truck-load of liquor in two separate raids near Bellary in north Karnataka, a senior official said Friday.
“The cash was being transported in a G4S security agency vehicle to Axis Bank branch in Bellary from the bank’s Bangalore branch in violation of the Reserve Bank of India (RBI) guidelines and without valid documents. Two persons and the van driver were arrested during the raid at Halkundi check-post,” Bellary Deputy Commissioner B. Shivappa told IANS by phone.
The police have also registered a case against the three accused under sections 41 and 102 of the Criminal Procedure Code (CrPC) and investigation is on to ascertain for whom the money was meant.
“Under the RBI guidelines, a bank is permitted to transfer Rs.2 million (Rs.20 lakh) at a time from one branch to another in the state. We suspect that the modus operandi of transferring such a huge amount of cash during elections is meant for distribution, as the accompanying accused did not explain reasons for transporting the cash,” Shivappa said.
In another raid, the police seized a truck-load of liquor at the same check-post during transit from the adjacent Davangere district.
“The district police have seized 1,200 cases of IMFL (Indian made foreign liquor) valued at Rs.1.6 million (Rs.16 lakh) and arrested the driver and his associate. A case has been booked under the state excise act,” Shivappa added.
The rich mining district of Bellary has seen maximum violation of the model code of conduct in the run-up to the general elections in the state in two phases April 23 and 30.
Bellary goes to polls in the first phase April 23 along with 16 other constituencies in the state.
On complaints by the opposition Congress and the Janata Dal-Secular (JD-S) that the ruling Bharatiya Janata Party (BJP) and its official machinery were violating the model code, the State Election Commission ordered the transfer of four police officials last month in the sensitive constituency.
Tags: axis bank, bank of india, bellary, crpc, deputy commissioner, district police, excise act, general elections, imfl, janata, lakh, mining district, model code, north karnataka, opposition congress, rbi guidelines, reserve bank of india, rs 8, state election commission, valid documents