Thane: Police seize over Rs 17 lakh cash in new notes, arrests 2 businessmen

Thane: Around Rs 18 lakh cash was seized on Thursday from two Kalyan-based businessmen, with most of it in new denomination notes, following which the duo was detained, police said.

"Acting on a tip-off, officials of Khadakpada police station intercepted a two-wheeler near a hotel at Kalyan railway station and nabbed two persons. Around Rs 18 lakh cash was recovered from their possession," DCP (Kalyan Division) Sunil Bharadwaj told PTI.

"While one man is a cloth merchant, the other owns a dairy. The cash has been handed over to the Income Tax department. We have detained the duo and sent them to the IT department for questioning," he added.

Of the cash recovered, Rs 17.44 lakh is in Rs 2,000 denomination, he added.

As per the officer, another Rs 2 lakh cash in denomination of Rs 100 and Rs 50 were also recovered from the duo.