Four held in Ahmedabad with demonetised currency notes worth ₹99.99 lakh

Police said 12,800 demonetised notes of ₹500 denomination and 3,599 scrapped notes of ₹1,000 denomination, totalling ₹99.99 lakh, were seized from Manjula Barot, Malhar Purohit, Rajesh Parmar and Gopal Pandey.

Four people were held from Chandkheda area in Ahmedabad with demonetised currency notes with a face value of ₹99.99 lakh, police said on Sunday.

Four people were held from Chandkheda area in Ahmedabad with demonetised currency notes with a face value of ₹99.99 lakh. (AP/Photo for representation)

A Chandkheda police station official said that 12,800 demonetised notes of ₹500 denomination and 3,599 scrapped notes of ₹1,000 denomination, totalling ₹99.99 lakh, were seized from Manjula Barot, Malhar Purohit, Rajesh Parmar and Gopal Pandey.

All four are local residents and were nabbed from near a mall at Chandkheda crossroad on Saturday night, the official said.

Primary investigations have revealed that they were looking to exchange it for a commission, he said. A case had been registered and further investigations were underway, he added.