Meerut: Four persons were arrested after Rs 8.80 lakh, in new currency notes of Rs 2,000 of the same series, was seized from them, police said today.
Rajnish Garg, Anil Rawat, Jitendar Kumar and Ved Prakash were arrested yesterday by a joint team of the state police and special task force from the city, they said.
The accused during their interrogation revealed that they supplied new notes on a 25-30 per cent commission, police said.
“As the recovered notes were of the same series, the police suspect that the accused had got the notes from a bank,” a senior police official said.
Investigation is underway to ascertain to whom have they distributed notes post-demonetisation and pinpoint the bank from where they got the large number of Rs 2,000 banknotes, he said.
The Income Tax department has been informed about the seizure and they are also probing the matter, the official added.