Demonetised notes worth Rs 4.5 cr seized in Gujarat

The police intercepted a mini truck and seized 10 bags full of demonetised high-value currency notes with a face value of Rs 2.5 crore from four persons

The demonetised 500- and 1,000-rupee currency notes worth Rs 4.45 crore have been seized from three separate places in the state, the state police said on Monday.

Acting on a tip-off on Monday, the police intercepted a mini truck in Rajkot district and seized 10 bags full of demonetised high-value currency notes with a face value of Rs 2.5 crore from four persons.

The truck belonged to a local pump manufacturing company, which was allegedly taking the cash to its owner's residence at Menderna. The cash was handed over to the Income Tax Department for further investigation, the police said.

A team from Jetpur police station in the same district nabbed two persons from a car with cash worth Rs 50 lakh in old Rs 500 and Rs 1,000 currency notes.

Such notes worth around Rs 1.45 crore were also seized by the police from two different places in Narmada and Vadodara districts on Sunday. Two persons were also arrested.