1 crore scrapped notes seized in Gujrat

Gujarat, May 28: The Police officials has been arrested four persons and seized scrapped currency notes in Rs 1,000 and Rs 500 denominations with a face value of over Rs 1 crore.

Police officials said that, As many as 11,322 demonetised currency notes of Rs 1,000 and Rs 500, having a face value of Rs 1,01,98,000, were found in a travel bag kept in the vehicle.

Four persons were arrested and a FIR was registered at Bharuch C Division police station after they failed to provide satisfactory reply about the source of the defunct bills, the official said.

The accused are identified as Chatur Singh Sodha, a resident of Barmer in Rajasthan, Denis Gangani, from Bhavnagar, Himanshu Megdani and Viral Ranpariya, both hailing from Surat.

"We seized their mobile phones and documents they were carrying and launched an investigation," the official said.