The Delhi police on Wednesday arrested four people and seized demonetised notes of ₹500 and ₹1,000 of a total face value of ₹6.18 crore. The authorities are now probing if they wanted to get these notes changed using the route meant for NRIs to get their defunct notes exchanged.
Tip-off
A senior police officer said the currency was seized following a tip-off received by a police team about movement of old currency in two cars from west Delhi to south Delhi.
“The two cars — a Ritz and Honda city — were spotted near Safdurjung market and stopped by our teams. Both cars were searched and two bags were recovered from each vehicle. The bags were found to contain old ₹500 and ₹1,000 notes and all of the persons in possession of the money were held,” said a police officer.
West Delhi residents
The arrested persons have been identified as Surrender Goel, Sachin Kumar, Shiv Kumar and Rajiv.
All of them deal in property business and are residents of various localities in west Delhi. The accused have been charged with Section 41 (1)(D) of the CrPC.
The police did not reveal whether the money belonged to the accused or they were carrying it for someone else.
Exchange rate
The four purportedly told the police that they were on the way to a shop in Safdurjung market to exchange the money.
“We are working on finding out the specifics of the racket, like how the exchange was supposed to be conducted and the rate of the commission fixed for the exchange. We have also informed the Income-Tax department,” a police officer said.
Sources added that a team from the Reserve Bank of India also visited the Safdarjung police station and questioned the men later in the evening.
