Woman accused for embezzling Rs.8 lakh of old notes

Hyderabad, January 21: Already we knew that, after December 30th, Exchanging of old currency is considered as a crime. Recently, Many cases were found regarding demonetized money exchanging.One of this kind of case filed in Madhapur.While coming to details, Three constables employed in the Cyberabad Police Commissionerate were booked for extorting Rs 8 lakh from a woman on Thursday night.The three accused identified as Vikram Reddy, Pavan and Dhan Singh, were on vehicle-checking duty on Thursday night at Madhapur. They came across a woman who was carrying demonetised notes to the tune of Rs 10 lakh.When the cops intercepted the car and checked it, they found dozens of bundles of money which was demonetized by the central government on November 8 last year. People were asked to exchange the demonetised currency at the bank for new notes. This had triggered the major crisis of currency notes in the city.Taking advantage of the confusion over currency, the trio threatened the woman that carrying such demonetised currency was against the rules, and was a criminal offense. However, they said that they would let her go if the woman parted with Rs 8 lakh.According to the information from Madhapur police, the bewildered victim gave the money and immediately rushed to the station to lodge a complaint against the constables. Based on the complaint, the Madhapur police booked the three under charges of extortion and took them into custody for questioning.