Demonetised currency worth Rs 50 lakh seized in Srinagar, two arrested

The accused were apprehended during a surprise check.

Two people were on Sunday arrested in Srinagar for allegedly possessing demonetised currency with face value of Rs 50 lakh, the police said.

Police has registered a case under the Specified Bank Notes (cessation of Liabilities) Act, 2017. (PTI File Photo)

The accused were apprehended during a surprise check near Batboni Baghiyas here, they said.

They both were identified as Nazir Ahmad Rather, a resident of Rafidabad, and Akeel Ahmad Khan, a resident of Uttar Pradesh.

Police has registered a case under the Specified Bank Notes (cessation of Liabilities) Act, 2017, they said, adding further investigation was on.