Bengaluru: Crores of rupees found during raids on former rowdy's house

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In early morning raids conducted by the Bengaluru police, crore of rupees in demonetised currency notes were found. Searches were conducted at the residence of 'Bomb' Naga, a former rowdy-sheeter, in Srirampuram of Bengaluru. Police suspect that the former rowdy could posses close to Rs 100 crore. Searches continue at his residence. After hours of searches police found hundreds of bundles of old demonetised notes in Nagaraj's residence.

Bengaluru police find over Rs 50 crore in rowdy-sheeter's house

Nagaraj, a former BBMP corporator, is said to have been running a 'black and white' business of money laundering. The police raided his residence following information of his involvement in money laundering post-demonetisation. So far crores of rupees have been found in his possession while search for more money is underway. The police have seized demonetised currency notes and documents from his residence. Nagaraj is also suspected of being involved in multiple incidents of kidnapping and extortion. All the money found in his possession were in demonetised Rs 500 and Rs 1,000 notes.

Bengaluru: Crores of rupees found during raids on former rowdy's house

"There is a suspicion that he was involved in land mafia as well since we have found documents of properties that are not owned by him. We are yet to verify where the huge amount of notes came from and why they were stashed here. He is absconding and we have launched a manhunt," said Hemant Nimbalkar, Additional commissioner of police, Bengaluru East.

The police who arrived at his residence as early as 5 am had to break into the house after those living inside refused to let them in. Police cut open a lock and grill to enter the house. Money was found stashed in many bags. The police who entered the three storied building were stopped by women who occupied a house on the second floor. The police continued to conduct searches even as women put up a tantrum. Women constables from nearby police stations were brought in to handle the women.

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