Demonetised notes worth Rs 100 crore seized from residential premises in Kanpur

Alicia Cross
January 18, 2018

The Act ends the liability of the Reserve Bank of India and the government on the demonetised currency notes.

The arrested were identified as Anand Khatri, builder, Santosh Yadav, professor, key liasioner Mohit Dhingra, Sanjay Agarwal, Manish Agarwal - all residents of Kanpur, Koteshwar Rao from Andhra Pardesh, Sanjay Kumar from Varanasi, Anil Yadav from Saharanpur, Santosh Pathak and Sanjay Rai both from Mirzapur, Ram Asrey, Dhirendra, Sanjeev Agarwal, Omkar Yadav, Ali Husain, and a woman from Andhar Pardesh whose identity was not immediately known.

The haul, with banned notes making up a bed-sized stack of cash, is the biggest since Rs 500 and Rs 1000 notes were removed as legal tender in November 2016 during the demonetisation drive. The Income Tax (I-T) department has been enlightened about the recovery and asked to find out how the money was to be exchanged. They had stores huge amounts of demonetised notes in gunny bags and kept them at the builder's ancestral home. Anurag Arya, Assistant Superintendent of Police (ASP), City (Kanpur), said, "Police teams conducted raids at three hotels - Gagan, Bills and Namaskar - and caught 13 people with demonetised currency in hotel rooms".

Initially the arrested persons tried to mislead police, but later during sustain grilling they broke down and confessed to their crime, the police said.

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The NIA had also recovered Rs36 crore worth of demonetised currency from nine persons in Delhi in connection with its Jammu and Kashmir terror funding probe two months ago.

Seven people were intercepted by an NIA team in the capital's Connaught Place area when they were carrying 28 cartons filled with demonetised Rs 1,000 and Rs 500 notes in four vehicles - BMW X3, Hyundai Creta SX, Ford EcoSport and BMW X1, an NIA spokesperson said.

Police sources here on Wednesday said the currency belonged to five individuals and companies including a prominent detergent-maker. Download The for your device.

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