This is the most shocking news for the common man who is standing in the queue for whole day just to get hands single 2000 rupees new note, as the banks do not have enough cash to take care of the of existing demands and at the same time there are several cases coming up which shows that there is a huge amount of money (old and new currency) is available in abundance with the limited people in the society. According to the sources, Goa Police and Income Tax Department have seized Rs. 1000 crore (On Thousand Crore) from various locations in Goa and Karnataka from the time demonetisation announced by Prime Minister Narendra Modi.
1000 crore is not a small amount at all and looking at the gap of time between the demonetization announcement on 9th of November 2016 and present day, said the sources. According to the sources, the Police and I-T Department has booked total 36 cases in Goa and Karnataka and recovered Rs. 1000 crore unaccounted Cash.
According to the sources, The income tax department has seized unaccounted currency worth Rs 1,000 crore since the November 8 demonetisation announcement in Karnataka and Goa alone. The net worth of unaccounted currency from 36 cases crosses a whopping Rs 1,000 crore. Officials from the IT department continued raids in Bengaluru and Goa on December 12 and 13, unearthing more unaccounted for money and laundering rackets. Searches at the house of a Yeshwanthpur resident in Bengaluru led the officials to unaccounted cash of Rs 2.89 crore, out of which Rs 2.25 crore of the cash was in new Rs 2,000 currency notes. The IT department said that the house was guarded by an aged woman who put up minor resistance. All the unaccounted cash has been seized and investigations are on.
Recently the I-T Department raided few places in North Goa and recovered Rs. 68 Lakh worth the cash in New Notes from Valpoi. Officials posed as clients wanting to exchange money, to nab persons involved in the money laundering racket. A vehicle ferrying the cash was intercepted and a person coordinating the exchange was also arrested. The money was in the possession of persons from Banda, a bordering locality between Maharashtra and Goa.
