Demonetised notes worth Rs 14 lakh recovered in Varanasi, 3 arrested

A case has been registered against the accused and the three men have been sent to jail.

Three people were arrested with demonetised notes worth Rs 14 lakh in Luxa area of Varanasi during the wee hours of Wednesday, police said.

Discontinued currency notes of 1,000 denomination are seen after they were deposited by people at a bank in Bangalore, India. (AP File Photo)

Circle officer, Chetganj, Satyendra Tiwari said all the recovered notes were in Rs 500 denomination.

“We got the information that three people – Ritesh Kumar Keshari, Rakesh Thawani and Pankaj Sarawagi – were present in a lane in Luxa area with old currency notes worth Rs 14 lakh. A team reached the spot and arrested them,” Tiwari said.

He said during interrogation Keshari told the police that he owned a shop where he exchanged damaged and soiled currency notes.

Tiwari said Keshari and his aides were about to get the old notes exchanged through a man whose identity could not be ascertained.

“We are trying to find out the source of the notes and the people involved in its exchange,” he added.

Tiwari said a case had been registered against the accused and they had been sent to jail after being produced before the court.