The Tumakuru police on Friday night seized Rs 19.70 lakh cash, mostly in Rs 2,000 and Rs 500 denomination, from a car on 80 feet road at Batawadi in Tumakuru.
The police have taken four persons into custody. One of them is Jagadish, son of former Chikkaballapur MLA S M Muniyappa.
The four had brought the new notes to exchange them with the banned ones for a commission, the police suspect. Muniyappa was elected to the Assembly on the Congress ticket from Chikkaballapur (reserved) constituency in 2004 elections.
The police have taken four persons into custody. One of them is Jagadish, son of former Chikkaballapur MLA S M Muniyappa.
The four had brought the new notes to exchange them with the banned ones for a commission, the police suspect. Muniyappa was elected to the Assembly on the Congress ticket from Chikkaballapur (reserved) constituency in 2004 elections.