Tuesday, March 19, 2019

Over Rs. 1 crore seized from staff of cash firm

CHENNAI, MARCH 19, 2019 00:00 IST

Flying squad seeks special permission

A flying squad of the Election Commission, accompanied by the police, on Monday morning seized Rs. 1.04 crore from the staff of a cash management firm who were carrying it without requisite permission.

While the flying squad was conducting vehicle checks on the national highway near Nazarathpet close to Poonamallee, they intercepted a van belonging to the cash management firm.

The team found that the staff were carrying Rs. 1.04 crore from a private bank in Adyar to fill ATMs in Irunkattukottai, Sriperumpudur and other places. Though the staff showed the documents from the bank, the officials demanded they produce the special permission issued for carrying large anounts of cash when the model code of conduct is in force.

The seized cash was taken to the district treasury in Tiruvallur. Officials said money would be returned on producing authorisation.

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