Rs 1 crore in demonetised notes seized in Gujarat, four arrested

The arrested people did not reveal the source of the scrapped notes, but said they wanted to exchange them for a commission.

The police on Sunday arrested four people and seized scrapped currency in Rs 1,000 and Rs 500 denominations with a face value of over Rs 1 crore.

As many as 11,322 demonetised notes having a face value of Rs 1,01,98,000, were seized.(AP File)

Bharuch Special Operations Group (SOG) made the arrest after intercepting an SUV which was coming here from Surat in Sheetal Chowk area, a police official said.

As many as 11,322 demonetised notes having a face value of Rs 1,01,98,000, were found in a travel bag kept in the vehicle, he said.

An FIR was registered at Bharuch C division police station after they failed to provide a satisfactory reply about the source of the defunct bills, the official said.

The accused were identified as Chatur Singh Sodha, resident of Barmer in Rajasthan, Denis Gangani, from Bhavnagar, Himanshu Megdani and Viral Ranpariya, from Surat.

“We seized their mobile phones and documents they were carrying and launched an investigation,” the official said.

They did not reveal the source of the scrapped notes, but said they wanted to exchange them for a commission, the police said.

An SOG team has left for Surat to probe the matter, he said.

The seizure comes a day after Rajkot police seized Rs 1 crore in scrapped notes and arrested two people.