“I had kept thinking it would come in handy during my regular business transactions. But suddenly on November 8, these notes were demonetised. I am ready to face any consequences in this regard,” Minister for Cooperatives Subhash Deshmukh told a private news channel.
The stashed cash in the old currency was seized from a private vehicle owned by Deshmukh-controlled NGO, Lok Mangal Group of Solapur, shocking people at large.
Confirming the seizure late on Thursday, Osmanabad Collector Prashant Narnaware told the media that the money was detected during a routine check of vehicles by a district election flying squad near Umarga town.
The vehicle was impounded and the seized cash promptly deposited in the local district treasury pending investigation.