4 nabbed in Ahmedabad with scrapped Rs 1000 and 500 notes worth 8 lakhs

Ahmedabad: Scrapped Rs 1000 and 500 notes worth around Rs 8 lakhs were seized near Subhash bridge here late last night and four people were nabbed in this connection, police said today.

At a time when such seizures are a rarity post over 3 months since demonetization of such notes, the Ranip police nabbed four persons identified as Dinesh Desai, Vishnu Patel, Jignesh Patel and Divyaraj Vaghela and recovered the old currency from them on a tip off.

They had reportedly come from Unjha town of Mahesana district to exchange the notes with new ones at 40% commission.

Police was investigating the matter which has also been intimated to the Income Tax department.

Now such notes can only be exchanged via RBI offices.

DeshGujarat