Rajkot: Cops arrest three in possession of Rs 1 crore in demonetized notes

The Rajkot police on Friday night seized Rs one crore in scrapped currency notes from three persons here and detained them, an official said on Saturday.

Sleuths of Rajkot Special Operations Group (SOG) seized the bank notes in denominations of Rs 500 and Rs 1,000 during a combing operation carried out at Mandvi main road area late last night, he said.

According to the officer, the police found the notes with the men who were riding a motorcycle in the area.

"Three people were on a bike were moving in a suspicious manner on Mavdi main road. When intercepted and searched, we found Rs one crore in scrapped notes in their possession. When they failed to produce valid documents, we detained them and informed the Income Tax department," SOG police inspector K K Jala said.

The detained men have been identified as Dipak Nanda, Trilok Dave, and Suleman Bhatti, he said.

"The police are investigating the matter and interrogating the trio to find out the motive behind carrying such a huge amount in demonetised currencies," the officer said.