A businessman in west Delhi has been detainedwith old cash worth Rs. 4.23 crore, police said. The man was detained on Tuesday by the crime branch of Delhi police. He educated the police that two individuals, who asserted to work with the Reserve Bank of India (RBI), had guaranteed to change over his demonetised cash into legal cash.
The representative was charging 50% commission for getting the notes exchanged and it is suspected that he had guaranteed to part a large portion of the commission with the two asserted RBI authorities, police said.
The trio had a meeting at a hotel in the capital a couple days back and the businessperson should get Rs. 20 crore in old money for exchange.
He had gotten Rs. 4.23 crore and had enlisted a money van to take the sum, however was kept by the Crime Branch group, they said.
Police said additionally test in the matter is being completed by the Income Tax division.