₹4.54 crore in US and Thai currencies seized in Park Street, 3 arrested amid poll monitoring

A major seizure of foreign currency worth approximately ₹4.54 crore has been made in Kolkata amid heightened election monitoring, with three individuals detained for questioning. Officials from the Income Tax Department India carried out the operation in the Park Street police station area following a specific tip-off, uncovering a substantial stash of unaccounted foreign cash.

During the raid, authorities recovered around 4.75 lakh US dollars and 3 lakh Thai baht. The detained individuals reportedly failed to produce valid documentation or provide satisfactory explanations for possessing such a large amount of foreign currency, prompting officials to initiate legal proceedings under applicable laws.

The development comes at a time when enforcement agencies are on high alert ahead of elections, with strict surveillance measures in place to curb illegal financial movements. Coordination meetings between the Election Commission of India and central as well as state agencies had earlier stressed the need for intensified monitoring of cash flow and suspicious transactions.

This seizure highlights the increased vigilance by authorities in the run-up to polling, as agencies continue to crack down on unaccounted money and ensure compliance with election-related financial regulations. The detained individuals are currently being interrogated as the investigation progresses.