The Andhra Pradesh police seized Rs 1.3 crore cash in transit from Visakhapatnam to Vijayawada, stuffed in two washing machines which were part of an electrical appliances showroom consignment, said an official on Wednesday.
Police seized the cash, six washing machines and 30 cell phones belonging to a private firm from a mini-cargo truck bound for Vijayawada and arrested three persons acting as couriers, the official said.
"The company was sending the money from its branches in and around Visakhapatnam such as Srikakulam and Vizianagaram to Vijayawada branch to be deposited in a bank there," Gajuwaka DCP K Ananda Reddy told news agency PTI about the cash seizure.
However, when police asked as to why the cash was being shifted stealthily, Mr Reddy said executives from the electrical appliances chain failed to give a convincing explanation or show proper documents.
Police registered a case under CrPC Sections 102 and 41 and handed over the cash to a local court.
Further, the police have informed the Income Tax Department and GST authorities about the seizure.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
Featured Video Of The Day
Jasprit Bumrah Drops Big Mohammed Shami Update On Border-Gavaskar Trophy Selection
Major Social Media Crackdown In Andhra, 100 Cases Filed, 39 Arrested Girl Set On Fire By Ex-Boyfriend In Andhra Pradesh, Fighting For Life: Cops Andhra Says Rs 600 Crore Flood Compensation Paid In Record Time: 10 Points Russia's Firing Of ICBM On Ukraine Is Weapon's 1st Combat Use In History This Asian City Is Emerging As Sex Tourism Hub. It's Not Where You Think Maharashtra Chief Minister Pick Contentious For Both Ruling, Opposition Camps Rajnath Singh Meets US Secretary Of Defence On Sidelines Of ASEAN Meet UN Nuclear Watchdog Passes Resolution Against Iran, Demands Cooperation ISRO, Australian Space Agency Sign Agreement For Space Cooperation Track Latest News Live on NDTV.com and get news updates from India and around the world.