4 days ago
Kazipet Police Seize Rs.1.38 Crore in Demonetized Notes
Police in Kazipet arrested eight people.
The group allegedly had old currency that is no longer accepted for normal payments.
The notes included Rs.500 and Rs.1,000 denominations.
Police said the notes were worth Rs.1.38 crore in total.
The group allegedly planned to use them illegally.
Officers also found Rs.6,000 in valid money, 10 phones and a car.
The arrests happened during vehicle checks.
Police said they did not understand how the group obtained so many old notes.
Kazipet police arrested eight people for allegedly trying to circulate demonetized currency.
Police seized old Rs.500 and Rs.1,000 notes worth Rs.1.38 crore.
The accused allegedly planned to circulate the notes illegally in Kazipet.
Authorities also recovered Rs.6,000 in valid currency, 10 mobile phones and a car.
The arrests occurred during vehicle checks, though police said the notes’ source remained unclear.
- Who
- Kazipet police arrested eight people.
- What
- The police seized demonetized Rs.500 and Rs.1,000 notes worth Rs.1.38 crore, along with other items.
- Where
- Kazipet, Hyderabad.
- When
- During vehicle checks; the article does not specify a date or time.
- Why
- The accused allegedly attempted to circulate the demonetized notes illegally.
Key facts
- Arrests
- Eight people were arrested.
- Demonetized currency seized
- Rs.1.38 crore in old Rs.500 and Rs.1,000 notes.
- Valid currency recovered
- Rs.6,000.
- Other recoveries
- Ten mobile phones and one car.
- Discovery method
- The group was caught during vehicle checks.
- Police concern
- Police said they were unsure how the accused obtained the notes in such large numbers.
Sources
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