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Rs 1 crore in demonetised currency notes seized in Mumbai; 3 arrested

They found Rs 1 crore in old notes in Rs 500 and Rs 1,000 denominations

Press Trust of India  |  Thane 

Photo: Shutterstock
Photo: Shutterstock

Police have seized nearly Rs 1 crore in demonetised from three persons, who were later arrested.

Acting on a tip-off, police intercepted a car at Parsik circle in Mumbra township of district at around midnight on Tuesday.


They found Rs 1 crore in old notes in Rs 500 and Rs 1,000 denominations in the possession of three persons, including a woman employee of a private bank, an official release issued by police said today.

The three persons were planning to get the notes exchanged for new bills. They were later arrested and a case was registered against them under relevant sections, police PRO Sukhada Narkar said.

Police are trying to find out from where did the accused get the junked notes, Narkar said.

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