2 years after demonetisation, Gujarat police seizes Rs 3.5 crore in old currency

Police on Sunday seized Rs 3.5 crore in demonetised currency from a village in Bilimora. Four people have been arrested in this regard.

This comes over two years after Demonetisation. Prime Minister Narendra Modi-led government with an aim to curb the menace of corruption on November 8, 2016 had banned Rs 1000 and Rs 500 notes.

Shaileshgiri Goswamy, Investigating officer of the local crime branch said, "We have arrested four people. An accent car and Rs 3.5 crore in demonetised currency has been seized from them."

The police informed that the seizure includes 13432 notes of old 1000 thousand rupees and 43300 notes of old 500 hundred rupees.

Further investigation is underway.

-ANI