Tuesday, Nov 13, 2018 | Last Update : 11:06 PM IST

Rs 3cr scrapped notes: 5 detained

THE ASIAN AGE. | VARSHA TORGALKAR
Published : Jul 21, 2018, 2:59 am IST
Updated : Jul 21, 2018, 2:58 am IST

The accused were carrying the notes with the intention of exchanging them for new ones.

Officers at Khadak police station with the haul.
 Officers at Khadak police station with the haul.

Pune: Congress corporator from Sangamner, Ahmednagar, Ganjendra Bajaba Abhang (47), along with three more persons, was detained for carrying demonetised notes of Rs 500 and Rs 1,000 with a face value of rs 3crore in Pune on Friday morning. The accused were carrying the notes with the intention of exchanging them for new ones.

Abhang, Vijay Abhmanu Shinde from Pune, Aditya Vishwas Chouhan  from Pune, Suresh Jagtap from Satara and Navnath Bhandagale were detained after a case was lodged by Vaibhav Pawar, police sub-inspector, Khadak police station.

Rajendra Mokashi, police inspector, Khadak, said, “We received a tip-off from our informers that a few people were coming to Ravivar Peth, Pune, with scrapped notes with the intention of exchanging them. Accordingly, we deployed our team in the area and as expected, five people, including the corporator from Sangamner, came to the spot. When we approached them, they reacted suspiciously and hence, we checked their purple colour suitcase.”

“The accused Abhang was carrying the bag with 200 bundles of 100 notes each of Rs 500, thus 20,000 notes of the Rs 500 scrapped currency. They also had 19 bundles of 100 notes each of Rs 1,000 scrapped currency, thus 1,900 notes of Rs 1,000 scrapped currency. The other accused were carrying 1600 notes of Rs 500, and 10,000 notes of Rs 1,000. They did not have any official documents explaining why they were carrying these old notes worth Rs 3 crore. They have been detained under sections 4, 5, 6 and 7 of the Specified Bank Notes (Cessation of Liability) Act,” said Mokashi.

He added, “Under this Act, there is no provision for arrest. Investigation is on.”

Tags: specified bank notes