Demonetisation: Rs 22.75 lakh banned bank notes seized in Gujarat, 2 detained

Two businessmen have been detained and Rs 22.75 lakh in scrapped currency notes was seized from them on Sunday police said.

"During a routine checking, we seized the money from a four-wheeler and detained Hitesh Kargathra and Mukesh Khoglavadra, when they were on their way to Morbi," J H Sarvaiya, Inspector at Vatva Police Station said.

The seized money include 2,898 pieces in the denomination of old Rs 500 currency notes and 826 pieces in Rs 1,000 banknotes he said, adding those detained are associated with ceramic business at Morbi in Saurashtra region.

"Asked about the source of the cash, Kargathra said he had come here to collect money which he had lent to his relative here," Sarvaiya said.

The notes, seized under section 102 of CrPC, were handed over to Income Tax department for investigation.