The Telegraph
Tuesday , March 25 , 2014
CIMA Gallary

Stamp order for business cash

Cash and vote have had a strange liaison in the country, Jharkhand in particular.

To ensure that fluid assets meant for pure business transactions or personal use was not confused as money to influence the electorate, the SCCI on Monday directed traders in Kolhan region to issue authorisation letters for hard cash transport in the run-up to the Lok Sabha polls.

SCCI vice-president Bharat Vasani said they had already issued an authorisation format, which needed to be followed on the letterhead of a company or individual. The letter, mentioning the quantum of cash and its purpose, must also be stamped and duly signed by the authorised signatory.

“The seriousness of cash transportation during elections was raised recently with income tax officials and the returning officer by an SCCI delegation led by our president Suresh Sonthalia. The outcome was the idea to authorise carrying of cash,” Vasani said.

East Singhbhum deputy commissioner Amitabh Kaushal, who is also the district returning officer, has constituted flying squads to monitor movement of cash.

Last week, a Sonari trader was caught with Rs 1.05 lakh, but later released when it was verified that the cash was meant for staff salary.

 More stories in Jharkhand

  • Diehard Tirkey in Didi slippers
  • School hunt for Carmel students
  • 'Iron lady' seeks aid
  • Grandma branded witch and axed
  • Ajsu invokes woman power
  • Hurt Gulgulias to boycott polls
  • Double boost for Dhanbad's TB battle
  • Cream cradles caught in campus drag, state unfazed
  • Trill or tweet, but reach out to voters
  • AAP birds of different feathers
  • Stamp order for business cash
  • Digital distress in Sakchi
  • Famous four
  • Bullet wounds wrong target
  • 5-year leap from boycott rage to ballot faith