The police seized Rs. 8.58 crore in cash that was reportedly being transported illegally from Hubli to Goa during a check at the Singanalli Cross in Garag police station limits on Wednesday. According to Deputy Commissioner and District Election Officer (DEO) Sameer Shukla, the arrested said the money belonged to ICICI Bank but they did not produce documents in support of their claim.
The police have seized the money and are questioning the arrested persons, he said. Five arrested
Superintendent of Police B.S. Lokesh Kumar said Premier Vigilance and Securities Ltd., a Kolkata-based company, was transporting the money.
Five persons — Satish B. Gawade, the custodian of the money, Prabahakar S. Sawant, the gunman, Bhavan Gawas, security staff, Rajesh B. Harijan, loader, and Vishal Shedge, the driver of the vehicle — have been arrested.
The police also seized the vehicle in which the money was being carried, he said.
