Uttar Pradesh Police Seizes Demonetised Currency Worth Rs 80 Crore From Kanpur

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Uttar Pradesh Police Seizes Demonetised Currency Worth Rs 80 Crore From Kanpur

New Delhi, January 17: The Uttar Pradesh Police has seized demonetised currency worth Rs 80 crore from Kanpur. The action came on the basis of input by the National Investigation Agency. The raid is underway and the exact amount of money would be ascertained later, sources said. The input suggested that some accused persons were […]

New Delhi, January 17: The Uttar Pradesh Police has seized demonetised currency worth Rs 80 crore from Kanpur. The action came on the basis of input by the National Investigation Agency.

The raid is underway and the exact amount of money would be ascertained later, sources said. The input suggested that some accused persons were hoarding the money with demonetised currency notes of Rs 1,000 and Rs 500 worth over Rs 80 crore, Times of India reported.

On Januar 14, demonetised currency notes with a face value of Rs 1 crore were seized from a vehicle at Uppiliapuram in Tamil Nady and four persons detained in this connection, police said.

Two months ago, the NIA recovered Rs 36 crore worth demonetised currency from nine persons in Delhi in connection with its Jammu and Kashmir terror funding probe. The federal agency is set to file its chargesheet this week.

The central government had on November 8, 2016 banned the use of old Rs 500 and Rs 1,000 notes. The government had then introduced new Rs 200, 500 and 2000 notes to meet the cash crunch.