Bengaluru, August 21, 2026 (Yes Punjab News)
Income Tax officials, acting on specific information, seized unaccounted cash estimated at around Rs 9 crore from a Kerala-registered car near Veeransandra signal in Bengaluru’s Electronic City on Friday.
Police said the Income Tax Department alerted the Electronic City police about the suspected transportation of a large amount of cash. Acting on the information, police intercepted the vehicle and recovered the cash during a search.
Preliminary information suggests that the money belonged to a gold jeweller who operates a jewellery shop and is reportedly a native of Thoothukudi in Tamil Nadu. The Income Tax Department also searched the jeweller’s residence, where officials allegedly recovered another Rs 1.35 crore in cash.
The jeweller has been detained for questioning. Income Tax officials are examining the source of the money, its intended destination and the purpose for which it was being transported. Further details are awaited.
The latest seizure comes amid several instances of large amounts of undocumented cash being recovered in Bengaluru and neighbouring areas.
On June 27, Bengaluru Police seized Rs 2,98,00,900 in undocumented cash from a shed in Kurubarahalli and arrested two businessmen. The cash, packed in four bags, was allegedly linked to businessman Nagaraj of Tavarekere and had reportedly been stored in a shed owned by his friend Venkatesh.
In another case in 2024, the City Crime Branch (CCB) in Belagavi seized Rs 2,73,27,500 allegedly being transported without supporting documents. The cash was found concealed inside a modified cabin of a goods truck travelling from Sangli in Maharashtra to Hubballi in Karnataka. Two Sangli residents, Sachin Menkudale and Maruti Murgod, were arrested in that case.
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