Kerala

₹3.22 crore worth banned currency notes seized

Gang held while transporting cash in car at Perinthalmanna

The police seized demonetised currency notes valued at ₹3.22 crore from a five-member gang at Perinthalmanna on Saturday night. The gang was arrested while transporting the currency in a luxury car with Delhi registration from Kozhikode to Palakkad.

A special police team led by Dy.SP M.P. Mohanachandran acted on a tip-off and found invalid currencies of ₹1,000 and ₹500 denominations hidden in travel bags.

Those arrested with the demonetised currency were Shamsuddin Othayath, 42, from Nadapuram; Mohammed Irshad, 22, from Kolathur; Mohammed Najeeb, 26, from Kolathur; Riju, 37, from Puthiyangadi; and Hashim, 32, from Panniyankara.

The police team was looking into a racket engaged in the collection of banned currencies in the State. The gang’s connection with the main hawala agencies in the State was being investigated.

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Printable version | Feb 18, 2020 6:27:19 PM | https://www.thehindu.com/news/national/kerala/322-crore-worth-banned-currency-notes-seized/article18719520.ece

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