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Watch: Bengaluru police raid house of ex-corporator to find Rs 40 crore worth of demonetized notes

Old Rs 500 and Rs 1,000 notes were recovered

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The Bengaluru police raided the house for former corporator V Nagraj in the city and recovered demonetised currency notes worth Rs 40 crore.

Prime Minister Narendra Modi on November 8 had implemented the demonetisation policy, citing the need to curb the flow of black money across the country. The old Rs 500 and Rs 1,000 notes were then discontinued.

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