Sambalpur: The Enforcement Directorate (ED) will investigate the cash seizure of Rs 1.43 crore involving a denomination of old and new currency notes.
Sambalpur SP Akhileswar Singh informed this to the media today.
“A team has left for Bhubaneswar to gather information from Reserve Bank of India (RBI) regarding the cash and transaction details. Since post demonetisation, RBI has imposed restrictions on cash withdrawal from ATMs and banks as well, we suspect the hands of more bank officials in the incident”, Singh stated.
The police has so far arrested eight including one bank official in the matter.
As per Sambalpur police, total amount seized during search was Rs. 1,42,91,500. Of total amount, new currency notes were worth of Rs. 85,62,00 while banned notes including Rs. 1000 and Rs. 500 were estimated to be Rs. 25,29,000. Similarly, smaller currencies in Rs. 100, Rs. 50 and Rs. 10 denominations were counted to be Rs. 32,00,500.
The accused identified as Zyarat Ali, aged 59, hailed from Sunapali area of Sambalpur while his sons Mohammed Quazzfi (35), Riffat Ali (33) and Sabatin Ali (31) were also apprehended. Rasmiranjan Rout, a bank employee, and his brother Pankaj Rout were taken into custody in this connection.
Zyarat Ali was identified as a liquor trader.