Cops in MP keep vigil to check illegal note exchange | bhopal | Hindustan Times
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Cops in MP keep vigil to check illegal note exchange

Police are keeping a hawk-eyed vigil in Bhopal to curb illegal exchange of new currency notes in lieu of scrapped notes of Rs 1,000 and Rs 500 denominations at a premium.

bhopal Updated: Nov 28, 2016 08:45 IST
Police are keeping a hawk-eyed vigil in Bhopal to curb illegal exchange of new currency notes in lieu of scrapped notes of Rs 1,000 and Rs 500 denominations at a premium.
Police are keeping a hawk-eyed vigil in Bhopal to curb illegal exchange of new currency notes in lieu of scrapped notes of Rs 1,000 and Rs 500 denominations at a premium.(Representational image)

Police are keeping a hawk-eyed vigil in Bhopal to curb illegal exchange of new currency notes in lieu of scrapped notes of Rs 1,000 and Rs 500 denominations at a premium.

On November 23, the crime branch had nabbed two men allegedly carrying newly launched currency notes of Rs 2000 worth about Rs 7.46 lakh. The notes were to be purportedly exchanged at a premium with scrapped notes.

Police suspect that the two men were “agents” of a racket that was laundering black money.

“We are on our toes to nab anyone trying to exchange the notes illegally, after the two men were arrested on their way to Sehore. To prevent similar incidents in future, we are keeping a strict vigil,” additional superintendent of police (crime), Shailendra Singh Chauhan told HT, adding that action in such cases are majorly based on tip-off passed by informers. “After receiving the information from the informers, we verify them to check whether they are actionable or not. If the information is correct and credible, we lay trap to nab the accused.”

Action is carried out in cases where the sum of money runs into lakhs since nominal amounts till Rs 5,000 can be easily received through the banks legally.

“After nabbing the accused, the first thing we check is whether the cash is counterfeit or original. We then investigate the source to ascertain whether it was routed through hawala or not,” Chauhan said.

Cong to hold rallies against note ban today

The Congress will organise a ‘Jan Akrosh’ rally in Bhopal and district headquarters on Monday to protest the Centre’s demonetisatiion decision for the inconvenience caused to people.

The march afoot will be a part of the opposition party’s nationwide agitation to be held at district headquarters across the nation.

This happens to be the Congress’ first major agitation in Madhya Pradesh after the Central government’s decision on November 8.

“The entire state is reeling under a chaotic situation caused by the central government’s decision on demonetization. Common man, farmers, labourers, pensioners and all have been left distressed,” Congress state president Arun Yadav in a press release.

In Bhopal, the rally will pass through Ibrahimpura, Sultania Road and Budhwara before it ends at Lily Talkies. Yadav will lead the party workers in the rally.