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Haryana police seize Rs one crore in demonetised notes

An Indian vendor displays wallets made from replica prints of the demonetised 500 and 1000 INR currency notes prints for sale at a stall in Mumbai on November 22, 2016. India's Prime Minister Narendra Modi announced on November 8 that that 500 and 1,000 rupee ($7.50, $15) bills -- 85 percent of the cash in circulation -- would cease to be legal tender in a crackdown on fraud and tax evasion. The move -- which saw the notes withdrawn from circulation just hours after the announcement -- was initially welcomed, but frustrations have mounted in the largely cash-reliant country where millions have been left without enough to cover their daily needs. / AFP PHOTO / INDRANIL MUKHERJEE

Chandigarh: The Haryana police have seized Rs one crore in demonetised currency notes from a person who was arrested from Samalkha town of Panipat district.

Police today said the accused Arvind, resident of Datauli village in Sonepat district, was arrested on Monday.

Panipat SP Rahul Sharma said that the accused has been taken on police remand and further investigation was on to find the source of the money.

“We had received a complaint against Arvind after a person hailing from Panipat accused him of duping Rs 61 lakh.

We conducted a raid and recovered the money worth Rs one crore in demonetised currency notes of Rs 500 and Rs 1000,” Sharma said.

The SP said the accused has claimed that he had taken the money from someone in lieu of giving him some property.

“The matter is under investigation and exact picture should be clear in a day or two,” he said, adding the accused had been arrested under relevant provisions of the law.

—PTI