100 Crore Demonetised Currency Seized In Kanpur

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Lucknow: In the biggest ever haul of demonetised currency, the National Investigation Agency (NIA) in a joint raid with the Uttar Pradesh Police, has unearthed old currency notes estimated to be worth Rs 100 crore at least from Uttar Pradesh’s industrial hub Kanpur, sources have told Times Now.

They are still counting the exact amount of money, the sources have added. An officer told PTI that a team from the Reserve Bank of India and Income Tax department would shortly give the exact amount of the seized currency.

“Kanpur police has unearthed huge amount of old currency notes from a locked house. Negotiators who promised to get it exchanged were also arrested,” a police officer told media.

The police also refused to divulge the names of the arrested. “We are looking if there was any involvement of government officers,” police sources said.

Another officer said the raid was conducted in Seesamau pocket of Kanpur and some people were detained from a hotel in Swaroop Nagar pocket.

We received information of the presence of demonetised currency worth crores at a person’s residential premises in Kanpur. A raid was conducted by teams of the Reserve Bank of India and Income Tax department officials. A final amount has not been ascertained as search and counting is underway.

We are interrogating the people involved,” A. K. Meena, Senior Superintendent of Police (SSP) told media. The police refused to disclose details about the accused involved. An interrogation is underway by the IT department officials.

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