 "Rs 45 lakhs seized in new currency notes of Rs 2,000 at Navi Mumbai")
Cash totalling Rs 45 lakhs in new currency notes of Rs 2000 was seized here after police raided commercial premises of a firm at Kharghar in Navi Mumbai.
The raids were conducted last evening following which five persons were detained in this connection, ACP Niteen Kouthadikar told newsmen here.
Cops swooped down on the premises on a tip off that some persons were exchanging old notes for new ones for a commission.
The seized cash was handed over to Income Tax officials, who are further probing the case.
The raids were conducted last evening following which five persons were detained in this connection, ACP Niteen Kouthadikar told newsmen here.
Cops swooped down on the premises on a tip off that some persons were exchanging old notes for new ones for a commission.
Also Read
Those detained were Jaidas Vilas Telavane, 34, Suresh Manji Phatak, 32, Iqubal Karim Patel, 46, Mahesh Vasant Patel, 31 and Juber Nizamuddin Patel, 40, police said.
The seized cash was handed over to Income Tax officials, who are further probing the case.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%