Cash worth Rs 2 crore in demonetised notes seized in Mumbai, four held | mumbai news | Hindustan Times
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Cash worth Rs 2 crore in demonetised notes seized in Mumbai, four held

At least Rs 2 crore in demonetised currency notes were seized from a car in Mumbai and four people were arrested, police said on Thursday.

mumbai Updated: Mar 16, 2017 15:54 IST
Rs 2 crore in demonetised currency notes were seized from a car in Mumbai.
Rs 2 crore in demonetised currency notes were seized from a car in Mumbai.(File Photo)

At least Rs 2 crore in demonetised currency notes were seized from a car in Mumbai and four people were arrested, police said on Thursday.

Acting on a tip-off, police intercepted the car at Kherwadi in suburban Bandra last night and seized the defunct notes, deputy commissioner of police, Zone-8, Virendra Mishra said.

The scrapped notes were in the denominations of Rs 500 and Rs 1,000, he said.

The four people, all employees of a private finance company in suburban Andheri, were arrested following the seizure, the DCP said.

They wanted to exchange the old currency notes with the new ones, Mishra said.

The Income Tax department was also alerted about the seizure, he said, adding that an investigation was on in the matter.