- Maharaja Tailor's premises were raided by Enforcement Directorate
- More than half of the money seized is in the new 2,000 rupee notes
- The man allegedly bought seized gold at a rate of Rs 44,000 per 10 grams
Acting on a tip off, the Enforcement Directorate investigators swooped down on the premises of Maharaja Tailor in Punjab's Mohali and at sector 22 in Chandigarh.
After examining the bill books of the shop, the officials found that the owners of the tailoring shop had bought 2.5 kg gold at a rate of Rs 44,000 per 10 gram after demonetisation.
The probe agency's investigators said that they were verifying how the notes were exchanged and who the owners of the shop bought the gold from.
Enforcement Directorate had seized Rs 2.19 crore including Rs 17.74 lakh in Rs 2,000 denomination, Rs 12,500 in Rs 500 denomination from the house of Mr Mahajan on December 14.
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