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Scrapped notes worth crores seized from Pune-based businessman

ANI  |  Pune (Maharashtra) [India] 

In a joint operation, the Police and the department on Friday seized one crore 12 lakhs and fifty thousand rupees all in banned denominations of Rs. 500 and Rs. 1000 from a businessman in

The businessman, Rajmal Shah, wanted to convert his alleged unaccounted money through some agents at 25 percent commission.

Subsequently, a trap was laid and Shah was detained near Pune's cantonment area while trying to get those notes exchanged.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, November 25 2016. 18:32 IST