IT dept and STF seize new currency worth Rs 17 lakh in Lucknow

Lucknow: In yet another currency haul, this time in Lucknow, the Income Tax department and Uttar Pradesh's Special Task Force (STF), in a joint operation, have recovered Rs 17 lakh of new currency from the possession of one Anoop Singh in posh locality of Gomti Nagar here on Tuesday.

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The currency recovered comprised of Rs 2,000 and Rs 100 notes, according to senior official of IT Investigation department. The raid in this connection was conducted after a tip-off, he added.

Seized Money

Apart from Anoop Singh, four persons, namely Manoj Kumar Mishra, Qasim Ali, Shams Tabrez and Himanshu Vikram Singh, have been arrested under the provision of Money Laundering Act.

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As per the preliminary investigation, Anoop Singh has been running a syndicate in collusion with some white collar person, which could be ascertained after detailed probe. The involvement of a bank is also suspected in this matter as this syndicate was indulged in changing old currencies with the new on commission basis.