1. Demonetisation: Banned notes of Rs 1,000 found near drain in Lucknow

Demonetisation: Banned notes of Rs 1,000 found near drain in Lucknow

Dumped demonetised notes are still being found in several parts of the country, months after the step was announced by Narendra Modi-government on November 8 last year. As per ANI report, banned currency notes of Rs 1,000 were found near a drain in Lucknow’s Ashiyana area early morning today. This comes a day after five […]

By: | New Delhi | Published: May 6, 2017 5:22 PM
This comes a day after five people were nabbed with demonetised currency of Rs 70.50 lakh by the police in Mumbai. (ANI)

Dumped demonetised notes are still being found in several parts of the country, months after the step was announced by Narendra Modi-government on November 8 last year. As per ANI report, banned currency notes of Rs 1,000 were found near a drain in Lucknow’s Ashiyana area early morning today. This comes a day after five people were nabbed with demonetised currency of Rs 70.50 lakh by the police in Mumbai.

As per PTI, these people were arrested after a tip-off. The news agency quoted Pandrinath Police Station In-charge, Vijay Rajput as saying the arrested persons were nabbed near Machchhi Bazaar Square of the city and old notes of Rs 500 and Rs 1000 totalling Rs 70.50 lakh were seized from them. They were caught after police intercepted an auto-rickshaw in which they were travelling, PTI said further. After the interrogation, arrested persons revealed that the banned were brought from Ujjain and were to be delivered in Indore.

Earlier on March 31, at least 12 people were arrested, while trying to exchange Rs 4.51 crore in demonetised currency in Mumbai. According to Indian Express report, police suspected that those willing to exchange old notes are trying to get the cash back into the system with the help of those who were abroad in November-December 2016 and were permitted to deposit cash at the Reserve Bank of India till March 31.

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The police arrested four men as they were trying to run away with Rs 1.51 crore in demonetised notes. “Based on a tip-off, when we asked the driver to stop the vehicle, he sped away. We then chased down the vehicle and found the occupants were carrying two bags that had Rs 1.51 crore in demonetised currency,” Police inspector Yakub Mulla was quoted as saying by Indian Express.

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