Rs 2.3 crore seized from Spare Tyre

Do you want to a large amount of cash illegally for poll purpose?

The spare tyres are the newest trick to carry cash as Income Tax Department recovered Rs 2.3 crores from a spare tyre of a car taken from Bangalore to Shivamogga in Karnataka.

#WATCH: Rs 2.30 cr in cash stuffed inside the spare tire in a car seized by Income-Tax officials. The cash was being transported from Bengaluru to Shivamogga. #Karnataka pic.twitter.com/yUeRdKVyzY

— ANI (@ANI) April 20, 2019

In a video, officials are seen sitting on the floor of a room with the tyre. While one official holds up the tire, another official takes out bundles of Rs. 2,000 notes. The video pans to a table, where more than 20 bundles recovered from the tyre are kept.

"Based on credible intelligence that cash would be transported from Bengaluru to Shimoga and Bhadravati, a cash handler was intercepted and his vehicle was searched. Cash in Rs.2,000 denomination has been found stuffed inside the wheel of the vehicle," the tax department said in a statement.

"The intelligence suggested that the person is accumulating cash for distribution for election purposes. A seizure of Rs. 1 crore has been made so far in this case," the department said. "Both these were cases where the seized cash was meant for distribution during elections."

"What is interesting is that the persons in charge of cash transport and distribution had removed several notes from each bundle: an average of four notes were removed from each bundle of 100 notes of Rs. 2,000 denomination, showing leakages even in this illegal cash distribution," the tax department said.