5 people have been detained after Income Tax Department and crime branch of the Delhi Police, acting on a tip off, conducted a joint raid at hotel Taksh Inn in Karol Bagh and seized over Rs. 3 crore in banned denominations on 14 December.
According to the police, the money belongs to Mumbai-based Hawala operators.
Upon further questioning, the police found out that a specialist was hired to pack the notes so that it goes undetected under X-rays in the airport. The police further said that tapes and wires that pass through X-rays were used for packaging, ANI reported.
IT department are analysing the mobile phone data of the arrested in order to track down the hawala operators in Mumbai.
Post demonetisation, there has been plenty of raids in which lakhs and crores, in old notes and new notes, have been seized by the IT department Last week, in one of the biggest haul, the IT department seized 13.50 crores from a Delhi lawyer's house in Greater Kailash - out of which 2.61 crores were in new Rs. 2000 currency.
In one of the most recent case, K Micheal, a senior special assistant of the Reserve Bank of India was arrested in Bengaluru for the alleged conversion of banned notes.