The police have arrested nine, including a private bank manager, after the recovery of ₹ 5 crore cash from a dry cleaning shop in Bhandara district. According to an official, the seized money is to be from Axis Bank.
SP Noorul Hasan said, some of them allegedly lured the bank’s branch manager into yielding ₹5 crore after promising to return ₹6 crore. On receipt of a tip off, the crime branch and the anti terrorism cell along with Indira Nagar police carried out a raid in a dry cleaning shop at Tumsar’s Indira Nagar on Tuesday.
Officials found the cash safe and heard inside a box at the shop when the operation was on. Apparently, it took the police nearly two hours to count the money using machines. The bank manager and eight other people were detained to be questioned about the source of the money and whether there was any legitimate purpose for the transaction.
Now, authorities are investigating whether this was part of a money laundering scheme fraud and whether more people were involved in the incident. Suspects detained are being interrogated to uncover the full extent of the operation.
The conclusions of the investigation will lead further action. The police has also guaranteed that all measures will be put in staff to prevent such financial fraud activities in future.
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