Demonetised currency worth Rs 50 lakh seized, two arrested

Two people were today arrested here for allegedly possessing demonetised currency with face value of Rs 50 lakh, the police said.

The accused were apprehended during a surprise check near Batboni Baghiyas here, they said.

They both were identified as Nazir Ahmad Rather, a resident of Rafidabad, and Akeel Ahmad Khan, a resident of Uttar Pradesh.

Police has registered a case under the Specified Bank Notes (cessation of Liabilities) Act, 2017, they said, adding further investigation was on.