The hotelier had 1.54 crore in new 2,000 rupee note and the rest in 500 notes.
Assam police today raided a local businessman's house in Guwahati and seized about Rs 1.55 crore in new Rs 2,000 and Rs 500 currency notes.
Additional Director General of Police (CID) Anil Kumar Jha told PTI that a CID team acting on a tip-off seized the money from the house of Hardie Singh Bedi, who owns a hotel and bar and runs shop rental business in the city.
He said during the operation at the house in Beltola area of the city, the police seized Rs 1,54,81,000 crore cash in new currency notes that were unveiled after demonetisation. "Out of the total amount, Rs 1,54,06,000 was in Rs 2,000 notes, while the remaining Rs 75,000 was in new Rs 500 notes," Jha said.
The police have handed over the case to income tax department and its deputy commissioner P Borah is carrying out further investigation, the senior police officer added.