Rs 50L seized from co-op society official: Investigation under way

According to sources, a retired Join Registrar and the Sub-Registrar of a cooperative society were on their way to Chennai by flight on July 18 when Customs officials discovered packs of currencies in their bag. Upon inquiry, the duo told Customs officials that that the money belonged to a cinema financier and that they were going to hand it over to the person.

Not convinced, airport officials passed on the information to Income Tax department officials in Chennai who intercepted them at Chennai airport and seized the money.

The duo, however, maintained that the money belonged to a financier in Chennai. Officials refused to disclose the identity of the duo carrying the cash in order to prevent any hindrance to the inquiry.