Demonetised notes worth Rs 1.87 cr seized in Nagpur, 4 detained

Four persons have been detained after cash worth Rs 1.87 crore in the denominations of Rs 1,000 and Rs 500 notes was seized from an apartment here during a raid, police said today.

Nagpur, Nov 14: Four persons have been detained after cash worth Rs 1.87 crore in the denominations of Rs 1,000 and Rs 500 notes was seized from an apartment here during a raid, police said today.

The Ambazari police conducted the raid at the apartment in Hill Top area here last night based on a tip off.

The money stashed in a travel bag was seized and taken to Ambazari police station along with the four persons, including a Chartered Accountant. The policemen then used a counting machine to ascertain the exact value of the cash seized.

As per preliminary report, 172 bundles of Rs 1,000 notes (total Rs 1.72 crore) and 31 bundles of Rs 500 notes (Rs 15.5 lakh), which have been demonetised, were seized.

The Income Tax Department was alerted about the seizure to initiate appropriate action, police said. The city police information centre confirmed the seizure and said the cash and custody of four persons was handed over to the Income Tax authorities.

PTI