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Demonetization: Rs 76 lakh in new Rs 2,000 currency seized in Surat, four detained

An Indian bank employee checks stacks of new 2000 rupee notes in Ahmedabad on November 11, 2016. Long queues formed outside banks in India as people crowded in to deposit old currency and withdraw new notes after the two largest denomination rupee notes were taken out of circulation. / AFP PHOTO / SAM PANTHAKY

New Delhi: Police on Friday seized Rs 76 lakh cash in denomination of Rs 2,000 from four persons in Surat and detained them as they failed to explain source of the money.

This morning, police intercepted a car with Maharashtra registration near Classic Complex in Sachin GIDC area and during the search found 38 bundles of the Rs 2,000 tender, with total face value of Rs 76 lakh, Surat Police said in a statement. “As the four occupants, including a woman, failed to give any satisfactory explanation about the source of cash in their possession, they have been detained and brought to police station,” it said.

They have been identified as Dipti Patel (30), a resident of Navsari, Girish Patel (45), a resident of Valsad, Arun Amrutar (58) and Rann Kumar Singh (46), both hailing from Nashik in Maharashtra. “We have informed the Income Tax department about the seizure. We will hand the four persons to I-T for further questioning,” said ACP and Surat Police PRO Nita Desai.