Delhi Police seized Rs 96 lakh in old high-value currency notes from a 32-year-old man in east Delhi’s Madhu Vihar area.
Nazer-e-Alam, a resident of Gorakhpur, was arrested on Friday at ISBT Anand Vihar, a senior police officer said.
“He was carrying a bag that contained bundles of old currency notes of Rs 1,000 denominations. A total of Rs 96 lakh were found in the bag. He couldn’t offer any satisfactory explanation for possessing such a huge amount of cash,” he said.
Alam was arrested under section 103 (possession of property of which no satisfactory account can be given) Delhi Police Act and the amount has been seized, he said, adding, information has been sent to the Income Tax department.
On November 17, police had seized 500 demonetised notes of Rs 1000 denomination from an employee of West Bengal-based firm, onboard Sealdah-Delhi Rajdhani train.
Police had detained a paediatrician with Rs 69,86,000 in Rs 100 denominations in central Delhi’s Paharganj area on November 16.