Rs 20 lakh cash seized from milk van near Hyderabad
Hyderabad, Nov 13 (IANS) Police in Telangana on Sunday seized Rs 20 lakh cash in demonetised currency notes from a milk van of a private dairy company.
The amount was seized in Yacharam mandal of Ranga Reddy district near Hyderabad.
The driver of the van told police that he was carrying the amount to pay arrears to the dairy farmers through a milk procurement centre.
A police officer said since the demonetized notes of Rs 500 and Rs 1,000 were being carried in violation of Reserve Bank of India (RBI) norms, the cash was seized.
Police handed over the cash to Income Tax department for further investigations.