Kolkata, March 3: In less than 24 hours, police has seized more than 3 crore of currency in old and new denomination notes along with fake currency from different parts of the country.
As much as Rs 57 lakh fake currency notes in new bills of Rs 2,000 has been seized in Kolkatta on Thursday.
“Five persons were arrested from the Fancy Market area in Kolkata’s Watgunj and fake notes totaling Rs 56.74 lakh seized from them,” Joint Commissioner of Police (Crime) Vishal Garg told media.
Kolkata: 5 persons arrested from Baguiati with Rs. 51 lakhs in demonetised notes which they had come to exchange from an agent. pic.twitter.com/KGdsRSeZ9A
— ANI (@ANI) March 3, 2017
While in Thane the police made one of the biggest overhauls in seizing old notes. In three separate incidents the crime branch has seized demonetised currency notes up to Rs. 2.25 crores.
As per the police, 6 persons have been arrested with old Rs 500 and Rs 1000 notes from three different locations. This also exposes the racket involved in exchanging old notes from RBI through illegal routes.
The Specified Banks Notes Act 2017, states, anyone possessing more than 10 old notes of Rs 500 and Rs 1000 notes would be fined either with Rs 10, 000 or 5 times the cash held.
In another case, the special investigation team (SIT) of Sonipat Police arrested a property dealer with Rs 20 lakh in the banned currency notes.
The police said the accused was here to deliver the money to someone, for which he was to get Rs 1 lakh commission.
It has been four months since the Centre led demonetisation drive was announced as a war against counterfeit currency and unaccounted black money. However, the number of money seizures continue to be reported ever since the noteban.