News Analysis India
News Analysis India
HomeIndiaLarge cash and foreign currency seized in crackdown on unlicensed money changers
India

Large cash and foreign currency seized in crackdown on unlicensed money changers

N
News Analysis IndiaReporter
|
July 8, 2026
05:03 PM
Large cash and foreign currency seized in crackdown on unlicensed money changers

During the Enforcement Directorate operation in three northern cities, officers uncovered a massive stockpile of foreign currency and unaccounted cash that violated FEMA and RBI regulations. The seizure included foreign denominations worth roughly INR 5.46 million and Indian cash of INR 3.4 million, together with suspicious documents and electronic records.

--- Advertisement ---