Sambalpur: The police has seized around Rs 1.42 crore from a car and arrested eight persons including a liquor trader and a bank official of a public sector bank in this connection, informed police sources on Sunday. Police recovered two pistols, five live rounds of bullets and a car from their possession. Sambalpur cash seize: Over Rs 1.4 cr found, 8 arrested
The seized cash included Rs 85,62,000 in new notes of Rs 500 and Rs 2000 denomination. Similarly Rs 25,29,000 of scrapped Rs 500 notes and Rs 32.500 lakh of Rs 5/10/20/50/100 denomination. Those arrested have been identified as country liquor baron Zeyarat Ali (59), his three sons, Md. Qazzafi (35), Riffat Ali (33) and Sabtin Ali (31), Public Relation Officer of the main branch of SBI in Sambalpur Rashmiranjan Rout (36), his elder brother Pankaj Kumar Rout (43), Kapil Jhajharia (37) and Rabi Trivedi (40).
Acting on a tip-off, police intercepted a vehicle near Dhanupali Chawk in Sambalpur and found Zeyarat Ali and his three sons in the car. During search, huge amount of cash in bags and two fire arms was recovered from them. During questioning, police came to know about the involvement of Rout and his elder brother. Later, they also came to know about involvement of two agents, Kapil Jhajharia and Rabi Trivedi. Preliminary investigation revealed that the cash belonged to Zeyarat Ali. It was brought here for exchange. The SBI PRO used to receive 25-30 per cent commission to exchange the black money in the bank while Kapil, Rabi and Pankaj were officiating as middlemen of Zeyarat.
A case was registered in this connection and the accused produced in court from where they were remanded in judicial custody after the magistrate rejected their bail pleas. Sambalpur Superintendent of Police Akhileshwar Singh said that probe is on and the Income Tax Department has been informed about the seizure.