Five people were arrested in Bengaluru Monday with demonetised notes of the face estimation of Rs. 2.5 crore, police said. “On a tip-off, police searched a car on St. Mark’s Road in city centre and arrested five people for trying to exchange old money notes with the face estimation of Rs. 2.5 crore,” Deputy Commissioner of Police, Central, Chandra Gupta told reporters.
“The arrested people are identified as Satyanarayana, Diamond Raja, Saravana Priyan, Rajagopal and Kishore from Tamil Nadu, all aged between 30 and 35 years,” he said.
A case has been registered at Cubbon Park police headquarters under Sections 420 of the Indian Penal Code, 41B of the Criminal Procedure Code and 7 of the Specified Bank Notes (Cessation of Liabilities) Act, 2017.
“The denounced are in our custody. We will deliver them in the court on Tuesday,” said Cubbon Park police inspector S Nagaraj.
This was the latest in the seizure of sizeable quantities of demonetised cash in Bengaluru in March and April.
On March 23, two men were arrested with demonetised notes of Rs. 1.28 crore face value and within a week, on March 28, four men were arrested with old notes of face estimation of Rs. 4.98 crore.
On April 2, 14 men were arrested with demonetised notes of the face estimation of Rs. 9.1 crore, while on April 15, previous corporator V Nagaraj’s habitation and office were raided and demonetised notes of the face estimation of Rs. 14.8 crore seized.
On April 29, seven people were arrested with demonetised notes of the face estimation of Rs. 96.9 lakh.