Pune Police Seize Rs 1.26 crore Demonetised Notes of Rs 500, Rs 1,000 From Car, Arrest Three People
Indian rupees in old denominations. (Photo Credit: File)

Pune, June 13: Years after the Prime Minister Narendra Modi-led government announced to let away with scrapped notes of Rs 500 and Rs 1,000, Pune police seized the demonetised currency of worth Rs 1.26 crore from a car in the district. All these notes - in denominations of Rs 500 and Rs 1000, were found stuffed in a bag placed under the driver’s seat in the car on June 8 in Kavthe Yamai village.

According to the police, the scrapped notes were found by the police during the search operation. All three men were also found sitting in the vehicle during patrolling. With the trio failing to give a satisfactory reply on the source and destination of the banned currency, police have registered a case against them under the Specified Bank Notes (Cessation of Liabilities) Act, 2017. Goa Cops Nab Man with Demonetised Notes on Board Train

Police have identified the accused as Ganesh Kolekar, Samadhan Nare and Amol Dasgude and have initiated the investigation.

The reports days after Goa police arrested a man from a train in Thivim station with demonetised notes with a face value of Rs 2 lakh. Informing more, Konkan Railway official said that the train was heading towards Mumbai, KRCL public relations manager Baban Ghatge.

Earlier on November 8, 2016, PM Modi in a public announcement stated that the old currency of Rs 500 and Rs 1,000 would become redundant. Following this, millions of people were seen standing outside the gates of bank atm to withdraw new denomination of cash amount.