Chhattisgarh police had said the ultras may find it difficult to dispose of their cash, apparently in hundreds of crores, concealed in insurgency-hit regions of the state. Reports suggest that Naxals have stashed over Rs 7,000 crore at their dumps in Bastar region.
Notably, police had recovered unaccounted cash of Rs 44.25 lakh, in the denomination of old Rs 500 and Rs 1,000 notes, and jewellery worth Rs 2 lakh from possession of a man in the Naxal-affected Kondagaon district in Chattisgarh. The person was unable to produce valid documents to explain the cash and jewellery he possessed.
The cash is then transferred to senior Maoist leaders who use it to buy firearms, ammunition, medicines, commodities of daily use, besides distributing it to commander rank cadres to run the banned movement in their respective areas.