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Demonetised currency worth Rs 51.56 lakh seized; 5 held

Press Trust of India  |  Karaikudi 

: Demonetised currency notes worth Rs 51.56 lakh were seized from five persons near a city school today, police said.

The currency was seized during a check of vehicles near New Vidyagiri school here, police said.

Old Rs 500 notes worth Rs 10,19,500 and Rs 1,000 notes worth Rs 41,37,000 were recovered from the men, who have been arrested, they said.

A case has been registered against them under Specified Notes (Cessation of Liability) Act 2017, which is being investigated by the local DSP, police said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, April 21 2017. 14:48 IST