The income tax department has been informed about the seizure and further action is being taken by them.
Jaipur: Over Rs 40 lakh in new currency notes of Rs 2,000 have been seized from three persons in two separate cases in Rajasthan.
Special Operation Group of Rajasthan Police nabbed businessmen Sunil Gupta and Priyanshu Gupta in Vidhyadhar Nagar area with Rs 35 lakh in new currency notes of 2000.
The accused businessmen were on the radar of the SOG for few days, an official said.
"We sent a policeman as decoy to exchange the notes last night. They got ready to exchange old notes for 25 per cent commission after which they were caught with the money," SP SOG Vikas Kumar said on Thursday.
"Rs 35 lakh are in new currency notes of 2000 and remaining cash is in the denomination of Rs 100," he said.
"The income tax department has been informed about the seizure and further action is being taken by them.
"We are exploring legal action against the businessmen.
"If possible, FIR against them would also be registered with the SOG," ADG, ATS and SOG, Umesh Mishra said.
In another case, police recovered Rs 6.72 lakh unaccounted cash including Rs?5.68 lakh in Rs 2000 new notes on Wednesday in Nagaur district.
Rest of the amount is in Rs 100 and Rs 50 denomination.
The money was recovered from Ajit Malik in Deedwana area of Nagaur.
He failed to give any satisfactory answer with regard to the money following which it was seized and the income tax department was informed, police said.
"We have seized the money and forwarded the matter to Income Tax department for further investigation," SHO, Deedwana, Jitendra Singh said.