3,110 notes of Rs 2,000 notes worth Rs 62.2 lakh were seized from the car.
"During patrolling, our police personnel spotted a car in Wakad area in the small hours. As the five occupants of the car were suspicious-looking, the police team searched the vehicle and found the cash inside," the officer said.
When the policemen questioned them, all the five people started giving evasive answers, he said.
"We recovered the cash and the Income Tax department has been alerted," the officer added.
New currency worth Rs 2.25 crore was seized during raids in Bengaluru and over three crores in banned currency were found in a hotel in Delhi on Wednesday morning, packaged to escape detection at airports. Another two crores, mostly in new notes, have been seized in Chandigarh and two-wheelers carrying new notes worth Rs 67 lakh were also caught in Goa.
Nearly three crores in new notes were found in a Bengaluru apartment where tax officials faced an elderly woman and her two dogs. On Tuesday, a senior Reserve Bank of India (RBI) official, a politician who owns casinos and a government engineer's brother were arrested along with seven others for their alleged money laundering. In multiple raids, Rs 5.7 crore and Rs 93 lakh were found in new notes.
(With inputs from PTI)
