Police in Telangana on Sunday seized Rs 20 lakh cash in demonetised currency notes from a milk van of a private dairy company.

The amount was seized in Yacharam mandal of Ranga Reddy district near Hyderabad.

The driver of the van told police that he was carrying the amount to pay arrears to the dairy farmers through a milk procurement centre.

J.Madan Mohan Reddy, inspector in Yacharam Police station told The News Minute, "They were carrying demonetized notes of Rs 500 and Rs 1,000, in violation of Reserve Bank of India (RBI) norms we have siezed the cash, we suspect it is black money."

The cash was seized and handed over to Income Tax department for further investigations.

 

(Input IANS)