Amaravati: In a sensational recovery of a huge amount of cash ahead of the fourth phase of Lok Sabha election, authorities have seized Rs 7 crore worth cash recovered from a vehicle which overturned in East Godavari district on Saturday, sources said.
According to reports, the cash hidden in seven boxes, was seized from the vehicle which overturned after being hit by a lorry at Anantapally in Nallajarla Mandal. Locals noticed that seven cardboard boxes, containing cash, were being transferred in that vehicle and informed the police.
Reports said that the vehicle was going from Vijayawada towards Visakhapatnam when it overturned leading to the recovery of cash. The driver of the overturned vehicle sustained injuries and was transferred to Gopalapuram Hospital for treatment, said the reports.
Purported videos of the cash seizure showed officials counting the notes in the denominations of Rs 500 kept in carton boxes.
Meanwhile Andhra Pradesh Police have launched investigation over the source of the cash. The cash recovery comes two days after another cash haul worth Rs 8 crore was made from a truck in NTR district of the state on Thursday.
On Friday, the ED Mumbai Zonal Office provisionally attached immovable properties worth Rs 52.73 Crore located in Navi Mumbai in the case of M/s Monarch Universal Group under the provisions of Prevention of Money Laundering Act (PMLA), 2002. In a statement issued in this regard, the ED said it initiated investigation on the basis of multiple FIRs registered by Maharashtra Police under various sections of Indian Penal Code, 1860 against M/s Monarch Universal Group, Gopal Amarlal Thakur, Hasmukh Amarlal Thakur and others for cheating and defrauding the genuine flat buyers by collecting money from them for selling flats and not registering the same in their name.
