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Rs 2 crore in scrapped notes seized in Mumbai, four held

Press Trust of India  |  Mumbai 

At least Rs 2 crore in demonetised currency notes were seized from a car in following which four persons have been arrested, police said today.

Acting on a tip-off, police intercepted the car at Kherwadi in suburban Bandra last night and seized the defunct notes, Deputy Commissioner of Police, Zone-8, Virendra Mishra said.


The scrapped notes were in the denominations of Rs 500 and Rs 1,000, he said.

The four persons, all employees of a private company in suburban Andheri, were arrested following the seizure, the DCP said.

They wanted to exchange the old currency notes with the new ones, Mishra said.

The department was also alerted about the seizure, he said, adding that an investigation was on in the matter.

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

First Published: Thu, March 16 2017. 14:07 IST
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