Gadchiroli (Maharashtra) [India], July 6 (ANI): Police have seized Rs 27.62 lakhs, including several Rs 2000 notes, and arrested two persons for allegedly helping Naxalites exchange Rs 2000 notes illegally in Maharashtra's Gadchiroli district, officials said on Thursday.

According to the officials, the arrested accused have been identified as Rohit Mangu Korsa (24) and Biplav Gitish Sikdar (24).

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"Rs 27.62 lakh rupees cash including Rs 2000 notes were recovered from the duo," they said.

The police said that after the Reserve Bank of India (RBI)'s decision on withdrawing Rs 2000 notes from circulation, the Naxalites were constantly trying to exchange the currency notes that they allegedly collected through extortion.

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"These notes are suspected to have been given by Naxalites for exchange," official sources said.

We received a tip-off through sources that both the accused persons were going on a motorcycle when the police stopped them in Aheri on suspicion.

Upon searching, Rs 27.62 lakh cash was recovered from them. This includes 607 notes of Rs 2000 worth Rs 12. 14 lakh, 3072 notes of Rs 500 worth Rs 16.36 notes, and 7 notes of Rs 200 notes worth Rs 1400, they added.

The police mentioned that a case has been registered against both of them under the Unlawful Activities (Prevention) Act (UAPA).

Further investigation into the matter is underway. (ANI)

(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)