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
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.