Punjab police seize demonetised currency
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 The move -- which saw the notes withdrawn from circulation just hours after the announcement -- was initially welcomed, but frustrations have mounted in the largely cash-reliant country where millions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
Patiala: Rs 80 lakh in demonetised currency were seized from the occupants of two different cars on way from Zirakpur to Patiala, the police said today.
Deputy Superintendent of Police (DSP) Sukhman Randhawa said that the police intercepted two cars and recovered Rs 54 lakh in demonetised currency from one of them and arrested a person identified as Vinod Kumar.
From another car, the police recovered Rs 26 lakh in demonetised notes and arrested two persons identified as Gurdial Singh and Manoj Kumar.
He said the demonetised Rs 500 and Rs 1000 notes were seized from these persons.
The matter is being investigated, the official said.