Demonetised currency worth Rs 50 lakh seized in Kashmir

The Jammu and Kashmir Police on Sunday arrested two persons here and seized demonetised currency worth Rs 50 lakh from their possession.

The two, identified as Nazir Ahmad, resident of Baramulla district, and Akeel Ahmad, resident of Kanpur in Uttar Pradesh, were arrested during a routine check in Srinagar.

"Demonetised currency notes worth Rs 50 lakh were recovered from their possession. They have been booked under the relevant sections of law and would be presented in the court," a police statement said.

--IANS

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