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Two held with Rs 1.99 lakh in demonetised notes in Gujarat

The Crime Branch seized demonetised notes with a face vale of Rs 1.99 lakh from the men.

india Updated: Sep 01, 2018 17:32 IST
demonetised notes,Demonetisation,Gujarat
Police said the two persons were arrested by the Crime Branch following a tip-off.(AP File Photo)

Two persons were arrested with demonetised notes with a face value of Rs 1.99 lakh, police said Saturday.

Jagdish Raioyani and Budha Dhrangiya were arrested Friday night from Yagnik Road here by the Crime Branch following a tip-off and demonetised notes with a face vale of Rs 1.99 lakh were seized, said inspector H M Gadhavi.

“Raioyani, a native of Morbi, and Dhrangiya, who hails from Jamnagar, have told us that the scrapped currency was given to them by one Amrut, also a resident of Morbi. Efforts are on to apprehend him,” Gadhavi said.

He said that further probe into any possible racket of people exchanging demonetised notes with valid ones was underway.

First Published: Sep 01, 2018 17:32 IST