Demonetized currency worth over 96 crores seized in Kanpur, All accused held

New Delhi, Jan 17: The National Investigation Agency (NIA) and Uttar Pradesh police jointly recovered demonetised notes worth about Rs 96 crores from  a residential premises in Kanpur.

All the accused have been arrested and sent to jail.

Speaking to media, Alok Singh, IG Kanpur said “the accused have told us the routes of the movement of the notes. Further investigation is needed to draw conclusion”.

Earlier in a day, Anand Kumar, Uttar Pradesh ADG (Law & order) stated ” More than 96 crores rupees in demonetised currency of Rs 500 and Rs 1000 have been recovered, 16 people have been arrested till now.

The raid was carried out  in Kanpur’s Seesamau pocket.

The seizure is considered as one of the biggest hauls since Modi-led central government scrapped old Rs 500 and Rs 1000 banknotes in November 2016.

As per to RBI estimates, more than 99% of the banned notes have returned to the system.

Last November, the NIA had recovered Rs 36.34 crore in demonetised currency in Delhi.


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