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MP: Demonetised notes worth 47 lakh seized in Gwalior

PTI |
Oct 23, 2023 08:55 PM IST

One person has been arrested in connection with the case.

Demonetised 500 and 1000 notes with a face value of 47 lakh were seized on Monday in Gwalior in Madhya Pradesh, leading to one person being nabbed, a police official said.

The man was unable to give a satisfactory explanation about the demonetised notes.(Representative image/HT Photo)
The man was unable to give a satisfactory explanation about the demonetised notes.(Representative image/HT Photo)

Acting on a tip off, a man on a motorcycle was stopped on Morena road in the morning, Superintendent of Police Rajesh Singh Chandel said.

"He tried to flee but we managed to catch him. A search of his bag revealed demonetised 500 and 1000 notes with a face value of 47 lakh," he said.

The man was unable to give a satisfactory explanation about the demonetised notes and the Income Tax department has been intimated as part of the probe, the SP said.

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