"Cash worth Rs 18.7 lakh, most of it in new Rs 2,000 denomination and rest in Rs 100 notes, was recovered from them after police raided a house near Palanuru at Duppada junction," said I Town Circle Inspector P. Sobhan Babu.
Police suspect they belonged to a gang and had arranged the money for exchanging it with another gang for a commission.
Among them six are residents of Vizianagaram while others hailed from Visakhapatnam.
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