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7 held for trying to exchange Rs 1 cr worth demonetised notes

Press Trust of India  |  Hyderabad 

Seven people, who allegedly tried to exchange demonetised and scrapped notes with a face value of over Rs one crore, were arrested here today, police said

and six others were found in possession of demonetised Rs 500 and Rs 1000 notes with a face value of Rs 1,00,87,000, a press release from Rachakonda Police Commissionerate said.

They were arrested from Uppal area in the city.

They were trying to exchange the old notes with new currency notes on commission basis, it said.

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

First Published: Thu, June 14 2018. 22:00 IST