Ahmedabad: Cops seize Rs 22.75 lakh in demonetised banknotes, 2 detained
Two businessmen were detained and Rs 22.75 lakh in scrapped banknotes were recovered from them in Ahmedabad on Sunday, police said.cities Updated: Nov 28, 2016 01:06 IST
Two businessmen were detained and Rs 22.75 lakh in scrapped banknotes were recovered from them in Ahmedabad on Sunday, police said.
“During a routine checking, we seized the money from a four-wheeler and detained Hitesh Kargathra and Mukesh Khoglavadra, when they were on their way to Morbi,” JH Sarvaiya, inspector at Vatva Police Station said.
The seized money includes 2,898 pieces of old Rs 500 notes and 826 pieces in Rs 1,000 banknotes he said, adding those detained are associated with a ceramic business at Morbi in Saurashtra region.
“Asked about the source of the cash, Kargathra said he had come here to collect money which he had lent to his relative here,” Sarvaiya said.
The notes, seized under section 102 of Criminal Procedure Code, were handed over to the income tax department for investigation.