3 traders caught with Rs 1.40 crore in Rs 2000 notes during nakabandi in Andheri

3 traders caught with Rs 1.4 crore in Rs 2000 notes during nakabandi in Andheri
Rs 1.40 cash seized from the 3 traders

In yet another cash seizure post demonetisation, the Mumbai police caught three traders with Rs 1.40 crore cash in Rs 2000 notes during a nakabandi at Juhu-Versova Link Road in suburban Andheri on Friday evening.

The DN Nagar police have detained their driver and confiscated the Toyota Etios (MH 48 AC 5152) they were travelling in.

Those detained have been identified as bullion traders Vishal Jhaveri, Jayendra Jhaveri, Hitesh Bhavish and driver Jyoti Swami.

Inspectors Dhanaji Nalawade and S Deshmukh caught the traders during a routine nakabandi at Juhu-Versova Link Road around 7 pm. The cash, Rs 1.40 crore, was found stashed in two bags.

Spokesperson of Mumbai police, DCP Ashok Dudhe confirmed that the money was in the new 2,000 rupee notes.

According to police sources, Jayendra Jhaveri told cops that they had come to Juhu to purchase 5 kg gold from a jeweller. But when officials tried to call the jeweller in question, his phone was turned off.

Jayendra reportedly owns Ronak Gems at Opera House. He has been asked to produce documents to prove the origin of the cash.

The Income Tax department has been notified about the case, said Dhanaji Nalawade, Senior police inspector of D. N. Nagar police Station.

In a similar incident, cops seized over 10 crore after intercepting a vehicle in Chembur area of Mumbai and detained three persons in connection on Thursday night.

Officials with Tilaknagar police station had found the notes stuffed in two gunny bags after they flagged down the Nissan Sunny car. The seizure included Rs 10 crore in scrapped denomination of Rs 500, and Rs 10 lakh in 2,000 rupee banknotes.

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