Foreign currency worth $7000 was also seized from the gang of five at the Chennai airport.
Income tax department on Thursday recovered at least Rs 73 crore cash, including Rs 8 crore in the new currency, and 100 kgs of gold bars in searches at multiple locations in Chennai, as per agency reports.
Chennai: The Directorate of Revenue Intelligence (DRI) officials on Thursday bust a Hawala racket and seized Rs 1.34 crore in new Rs 2,000 denomination besides foreign currencies worth $7000 from a gang of five at the Chennai airport.
The DRI Chennai zone officials intercepted five persons outside the Anna International airport here in the wee hours of Thursday.
The incident came to light days after the DRI officials seized 85.58 lakh cigarettes worth over Rs 10 crore from a container coming from Singapore at Inland Container Depot, Tughlakabad.
Raids are being carried out across the country in the wake of the burgeoning fake currency racket post demonetisation.
( Source : ANI )
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