Police take old currency notes in possession | india | Hindustan Times
Today in New Delhi, India
Oct 20, 2017-Friday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

Police take old currency notes in possession

THE MP Nagar police took in its possession old currency notes worth Rs 1.05 lakh of early fifties and sixties from a man in the State capital on Monday.

india Updated: Feb 06, 2007 14:21 IST

THE MP Nagar police took in its possession old currency notes worth Rs 1.05 lakh of early fifties and sixties from a man in the State capital on Monday.

The large-size currency notes in the denominations of Rs 10 and Rs 100, no longer in circulation were found in bundles from one Radheyshaym Nagar (27), a resident of village Takrawada in Nagda (Ujjain), who came to the Reserve Bank of India, Bhopal, to get them exchanged.

The currency notes, some of them are brand new and some used ones were issued between 1949 and 1967. The bundle contained 600 notes in Rs 100 denomination having the signature of the then RBI governor B Rama Rau and 4,500 units of Rs 10 bearing signatures of governors HVR Iyengar and PC Bhattacharya.   

The SHO, MP Nagar police station, Rajaram Sahu said Nagar, the son of a village ‘Patel’ while demolishing his old ancestral house, unearthed a tin box containing old currency notes, about which he was unaware of. He took it to a local bank, where he was told to get it exchanged at RBI, Bhopal. The SHO added when Nagar visited the local RBI, he came in contact with brokers at the gate and they wanted the old notes.

When Nagar refused to part with it, one of them rang the police telling that the former possessed fake currency notes. Taking the bundle of notes in its possession, the police made an initial inquiry into the matter. “As we found it correct, we released Nagar,” he said.

However, the police have kept the currency notes in its possession. “The police also got it confirmed from the RBI and found it genuine and since no crime is involved in it, we’ve let the man go,” Superintendent of Police Anant Kumar Singh told the Hindustan Times. Nagar would get back his old currency notes, which he can get exchanged from the RBI, he added.