Gang Busted in Attempted Exchange of Demonetised Currency
Police apprehended four individuals attempting to exchange scrapped Indian currency notes totaling over Rs 55.5 lakh. Acting on a tip-off, authorities caught the suspects engaging in illegal trade of demonetised Rs 500 and Rs 1000 notes. The accused and the notes have been handed over for further investigation.
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Police have arrested four individuals attempting to exchange demonetised currency notes worth over Rs 55.5 lakh, authorities announced on Sunday.
The arrests followed a tip-off which led police to apprehend the suspects on Saturday night. They were allegedly converting demonetised Rs 500 and Rs 1000 notes into legal currency for a commission.
The accused and the seized notes have been transferred to the Abids police station for a detailed investigation, according to Deputy Commissioner of Police YVS Sudheendra.
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