Rs 1.15 crore in demonetised banknotes seized in Rajkot | india-news | Hindustan Times
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Rs 1.15 crore in demonetised banknotes seized in Rajkot

Rs 1.15 crore in demonetised currency notes was seized from a man in Rajkot who was to hand them over to two agents for exchanging those with legal tenders.

india Updated: Nov 21, 2016 10:15 IST
PTI
Police seized Rs 1.15 crore in Rs 500 and Rs 1,000 demonetised currency notes from a four-wheeler and detained a person in Rajkot.
Police seized Rs 1.15 crore in Rs 500 and Rs 1,000 demonetised currency notes from a four-wheeler and detained a person in Rajkot.(HT File Photo)

Rs 1.15 crore in demonetised currency notes was seized from a man on Monday who was to hand them over to two agents for exchanging those with legal tenders, police said.

“We seized Rs 1.15 crore in Rs 500 and Rs 1,000 demonetised currency notes from a four-wheeler and detained a person, Satish Kalola, who said the notes belonged to him,” said University Police Chowky inspector K K Zala.

The officer said Kalola, who is into transport business, was to hand over the demonetised banknotes to Rajni Pandya and Gautam Pandya, who had promised to exchange those with legal tenders for 30 per cent commission.

Zala said the Income Tax Department has been informed about the seizure and further investigation is on.