UP police busts biggest haul of demonetised currency notes in Kanpur

Anand Kumar, Uttar Pradesh ADG (Law & order) said at least 16 people have been arrested till now in connection with the case. The counting of currency notes is underway and questioning is on.

The Uttar Pradesh Police has busted the biggest haul of old notes in Kanpur on Wednesday. Over Rs 96 crores in a demonetised currency of Rs 500 and Rs, 1000 notes have been recovered from residential premises in Kanpur.

Anand Kumar, Uttar Pradesh ADG (Law & order) said at least 16 people have been arrested till now in connection with the case. The counting of currency notes is underway and questioning is on.

AK Meena, SSP, Kanpur Received information of presence of demonetised currency worth crores at a person's residential premises in Kanpur, a raid was conducted, RBI and I-T dept officials informed, a final amount not ascertained as search and counting underway."

Kanpur: All accused arrested in connection with recovery of Rs 96 crores in demonetised currency, sent to jail, booked under several sections. pic.twitter.com/6JWg52FuE2

— ANI UP (@ANINewsUP) January 17, 2018

Meena said the National Investigation Agency (NIA) had gathered inputs about some companies and individuals involved in converting illegal currency into legal money and shared the information with Inspector General of Police, Kanpur, Alok Singh.

The IG collected more information about those running the money conversion racket and briefed the SSP Kanpur, directing him to carry out raids discreetly. Following a tip-off, the SSP formed several teams headed by SP (East) Anurag Arya and SP (West) Gaurav Grover.

#WATCH Police seized demonetized currency worth crores from a residential premises in Kanpur. pic.twitter.com/Hh7sLrWwoG

— ANI UP (@ANINewsUP) January 17, 2018

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