Dakor police in Kheda district today detained four persons for possessing Rs 12.45 lakh in cash of which Rs 12.08 lakh were in the denomination of Rs 2,000 notes, police said.
The four persons were detained during police patrolling in the town after they failed to provide satisfactory answer for Rs 12.45 lakh found from their car.
Out of Rs 12.45 lakh, 604 notes, or Rs 12.08 lakh, were of Rs 2,000 denomination, police said, adding that further questioning revealed they were planning to exchange the new notes with defunct currency for a commission of ten per cent.
While the two persons were ferrying Rs 15 lakh in a two-wheeler to exchange them with defunct notes and earn 35 per cent commission, one of them was carrying new notes with total value of Rs 9.24 lakh to exchange for a commission of 25 per cent, police said.
All seven persons were handed over to the Income Tax department for further questioning.
Disclaimer: No Business Standard Journalist was involved in creation of this content
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 →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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
