Police seize Rs 1.3 crore from Alwar co-op bank officials

ALWAR: Police intercepted several vehicles and seized nearly Rs 1.32 crore cash packed in six travel bags during a raid in Tijara, 70 km from here, late on Saturday , and said the vice president of a cooperative bank, along with 10 of its employees, were detained for questioning.
Police said Alwar Co-operative Bank's vice-president Ashok Joshi was allegedly carrying the bags packed with both valid and invalid currency notes of Rs 2,000, 500, 1,000, 100, 10 to Delhi.
While bank officials wrote to the district SP's office saying banned cash deposited by its customers was being transferred by the directors to the Parliament Street branch of SBI in Delhi, cops said they grew suspicious as none of the standard operating procedures were followed by the staff.
“Usually , when banks transfer cash, they deliver it in iron trunks with serial codes and with an armed gu ard. We've not seen bank cash being ferried around in travel bags,“ said Kishangarh Bas station house officer, inspector Surendra Singh.
Cops said bank employees were fumbling for answers when asked to explain as to where the cash was to be delivered and to whom.They also informed the Income Tax department to probe if the money belonged to the bank or not.
Ashok Joshi allegedly told cops that the cash belonged to his bank, and he was taking it to New Delhi.Singh said, “Joshi and his staff did not give any plausible reasons as to where the money was being taken and why . They did not have proper documents either.“