Kerala native found with ₹40 lakh in unaccounted cash in Coimbatore

The K.G. Chavadi constabulary successful Coimbatore territory recovered a antheral hailing from Kerala with ₹40 lakh successful unaccounted currency astatine the inter-State checkpost astatine Velanthavalam connected Friday.

The constabulary said that B. Sudheer, 55, of Koonathara adjacent Vaniyamkulam successful Palakkad territory was recovered with the currency during a conveyance cheque astatine 6.10 a.m.

According to the police, Sudheer was stopped astatine the checkpost erstwhile helium was heading towards Kerala connected a scooter. The constabulary recovered a paper-wrapped bundle kept connected the beforehand information of the two-wheeler. Upon opening the bundle, the constabulary recovered ₹40 lakh successful bundles of ₹500 denomination currencies. The constabulary seized the currency arsenic the antheral could not nutrient immoderate valid papers to explicate the root of the money.

The man, however, stated that it was for works for a jewellery store astatine Ottapalam successful Palakkad. He claimed that the wealth was proceeds from the merchantability of aged golden brought from his jewellery, which was sold successful Coimbatore.

The constabulary handed implicit the antheral and the seized currency to the Income Tax Department for verification and inquiry.