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Two held with Rs 1.34 cr in scrapped bills

Press Trust of India  |  Hyderabad 

Two persons were nabbed from Jubilee Hills here today with Rs 1.34 crore in demonetised currency notes, police said.

A Jaya Kumar, a businessman dealing in sarees, and G Narasimha Mudiraj, who is into real estate, were apprehended when they were waiting for agents to illegally exchange old bills of Rs 1000 and Rs 500 denominations on a commission basis, Additional Deputy Commissioner of Police (Task Force) C Shashidhar Raju said. Further probe is on.

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

First Published: Sat, September 16 2017. 23:07 IST
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