Rs 14.75 lakh in new currency notes seized from Pune hotel

The police today seized Rs 14.75 lakh, all in new currency notes of Rs 500 and Rs 2,000, from five people at a hotel in the upmarket Koregaon Park area of the city.

"These five people were found at a hotel with Rs 14.75 lakh in their possession. On questioning they gave vague answers," said a police officer.

Police suspected that they were about to exchange the cash with defunct notes, he said.

Income Tax department had been notified about the seizure, the officer added.