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The police today seized scrapped currency notes with face value worth Rs 2.37 crore from three vehicles here and detained seven persons in this connection.
On a tip off that some people were to visit Thaltej circle to meet a person to exchange their demonetised currency notes for a commission of 15 per cent, police kept a watch and caught them when they arrived on three separate vehicles, the police said.
A Vastrapur police station official said 13,700 notes of Rs 500 and 16,900 notes of Rs 1,000 were seized from these vehicles at around 1.30 am.
"They had come from Vadodara and Himmatnagar and were looking to exchange demonetised currency notes with new notes for a commission of 15 per cent," he said.
Seven persons were detained and the Income Tax Department was informed about the seizure, he said.