The Anti-Terrorist Squad (ATS) on late Monday night seized Rs 73 lakh in old currency notes and detained one person from the spot.
ATS SP Vikas Kumar told to media that a specific input was received based on which a trap was laid on late night. A team of sleuths intercepted the vehicle of one Manoj, a resident of Vaishali Nagar. The sleuths searched his vehicles upon which it found old currency notes in denominations of Rs 500 and Rs 1,000.
“Manoj was planning to exchange the junked currency notes with new notes at the commission rate of 15%. We detained him and quizzed him about his links,” a senior ATS official told to media, including that income tax authorities were informed about the cash seizure.
“The further investigation would be conducted by the sleuths of income tax department as it’s their area of jurisdiction to check if the money was unaccounted for, just sleuths of IT are involved to test such cases,” the authority stated, including that ATS has been nabbing down individuals who have been trying to smuggle the junked currency notes.
“Our information network has been actively locating such individuals who are trying to change their black money into legitimate wealth,” the ATS official said.
The sleuths of ATS suspect that there are a few channels operating across the state to route the junked currency notes and change it into new ones. The police are likewise probing the addresses given by Manoj which he expressed he was heading to exchange the cash. The Jawhar Circle police have detained the person.