India News | MP: Demonetised Notes with Face Value of Rs 47 Lakh Seized in Gwalior; Cops Inform IT Dept as Part of Probe

Gwalior, Oct 23 (PTI) Demonetised Rs 500 and Rs 1000 notes with a face value of Rs 47 lakh were seized on Monday in Gwalior in Madhya Pradesh, leading to one person being nabbed, a police official said.

Acting on a tip off, a man on a motorcycle was stopped on Morena road in the morning, Superintendent of Police Rajesh Singh Chandel said.

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"He tried to flee but we managed to catch him. A search of his bag revealed demonetised Rs 500 and Rs 1000 notes with a face value of Rs 47 lakh," he said.

The man was unable to give a satisfactory explanation about the demonetised notes and the Income Tax department has been intimated as part of the probe, the SP said.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)