In a significant early morning operation, the Coimbatore district police confiscated a substantial amount of unaccounted cash, totaling Rs 40 lakh, from a man traveling on a two-wheeler towards Kerala.
The Interception at Vellanthavalam Check Post
The incident unfolded on Friday morning when a dedicated team from the KG Chavadi police station was conducting a routine vehicle inspection at the Vellanthavalam check post. During the check, the officers decided to stop a scooter for inspection. A thorough search of the vehicle revealed a large paper bundle. Upon unwrapping it, the police were surprised to find a massive sum of Rs 40 lakh in cash.
Questioning and Revelation of Source
Since the rider could not produce any valid documents to explain the origin or purpose of such a large amount of money, he was immediately taken to the police station for detailed questioning. The individual was identified as B Sudheer, a 55-year-old resident of Koonathara near Vaniyamkulam in Palakkad district, Kerala.
During interrogation, Sudheer disclosed that he was an employee of Shobana Gold Jewellery located in Ottapalam, Kerala. He claimed to have sold a quantity of gold at a jewellery store situated on P K Street in Coimbatore and was simply returning to his home state with the proceeds from the sale.
Income Tax Department Takes Over Investigation
Unsatisfied with the explanation and the lack of supporting documentation, the local police did not take the matter lightly. They promptly alerted the Income Tax (I-T) department about the seizure. Following the alert, officials from the I-T department took full custody of the Rs 40 lakh cash.
The case has now been formally taken over by the tax authorities, who have initiated a comprehensive investigation to verify the claimed source of the funds and determine its complete legality. The probe will scrutinize the details provided by Sudheer and the involved jewellery businesses.
