3 Maoists held with wads of currency

Three Naxals, including a self-styled area commander, were arrested today when they assembled in a house on the way to a bank for exchanging/ depositing extortion money in Latehar district.
During a police raid at the house at Dharampur, one of the Maoist activists Ramjit Kumar Yadav, the self-styled area commander of CPI (Maoists) Ravindra Yadav alias Rahul and a supporter were apprehended along with another Maoist activist Ramjit Kumar Yadav, a police officer said.
They had apparently come for counting the extortion cash to be exchanged/deposited later on at a bank, when a police force threw a ring around the residence.

Superintendent of Police, Latehar, Anoop Birtherary, said police has recovered Rs one lakh each from Anil Kumar Yadav, self-styled area commander Ravindra Yadav, both residents of Panki police station limits of Palamau district, and Ramjit Kumar Yadav, a resident of Latehar district,.
He further informed that police has also seized a bank receipt against deposit of Rs one lakh in Punjab National Bank, Latehar branch, on November 18 last and a pass book of the bank from Ramjit's residence.
The arrested ultras confessed that money was brought to exchange/deposit in bank on the directive of self-styled Zonal Commander Nakul Yadav and Sub-zonal commander Subhash Yadav.

The Maoists became desperate to exchange their money ever since the government demonetised Rs 500 and 1000 denomination currency notes while the district police has launched a massive search operation to apprehend culprits in pressing need to exchange/deposit the money collected as levy, police said quoting district intelligence reports.
Three mobile hand sets were also recovered from the accused, he said.
Birtheray said five cases under various sections of IPC including attempt to murder were already registered against Yadav in Latehar and Palamau.