Unaccounted Cash Seized Rice Millers Agent
Oct 16, 2016, 13:59 IST
Hyderabad: Police seized Rs1.44 crore cash from one Prasad near LB Nagar ring road on Saturday midnight. Prasad who belongs to Nellore was spotted by police with cash bags. When questioned, he reportedly stated that the cash belonged to 14 rice mill owners in Nellore.
The man was handed over to Income Tax authorities as the cash was a profit on number-2 transactions of rice millers. Undocumented cash is black money.
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