TN election officials stop three containers carrying Rs. 570 crore near Tirupur

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TIRUPUR: In a biggest of its kind in the state, since the declaration of the elections, the officials of the flying squad has seized three containers with cash worth Rs 570 crores, during the intervening night of Friday and Saturday, at Chengapalli in Tirupur district, which is about 18 km from the district capital. However, the area falls under the Perundurai assembly constituency in Erode district.
When officials were checking vehicles, three containers did not stop following the signal of the squad. The squad members were quick to chase them, only to find Rs 570 crore in cash being carried in the containers without valid documents. According to the drivers of the containers and the persons accompanied them, claiming to be the police officials from Andhra Pradesh, the money belongs to a public sector bank and is being transported from Coimbatore to Vishakapatnam. However, as there were no valid documents for the money, the officials seized the three containers.

All you need to know

  • Three trucks carrying Rs 570 crore belonging to State Bank of India and was on its way from Coimbatore to Visakhapatnam along with three escorts vehicles.
  • There was a bit of confusion between the flying squad and the money escorts due to language barrier.
  • Officials said that personnel accompanying the containers told them that they were transferring Rs 570 crore from State Bank of India in Coimbatore to Vishakhapatnam branches.
  • The men in cars, who claimed to be policemen from Andhra Pradesh but were not in proper uniform.
  • The officials got suspicious when they failed to show all the necessary documents and efforts were on to ascertain the veracity of their claim.
  • The containers escorted by three cars, did not halt, but officials chased them and stopped them near Chengapalli.
  • When asked why they had sped away without stopping, they told the police they feared it was a robbery attempt and that they were unaware that the officials were from the election department.
  • Officials from State Bank of India Coimbatore and Vishakhapatnam were informed and are rushing to the spot, police said.
  • A check revealed the amount, kept in many boxes, inside the containers, they said.