Rs 46.5 lakh in demonetised notes seized
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 The move -- which saw the notes withdrawn from circulation just hours after the announcement -- was initially welcomed, but frustrations have mounted in the largely cash-reliant country where millions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
Muzaffarnagar: Police seized demonetised banknotes of Rs 1,000 and Rs 500 denominations with the face value of Rs 46.50 lakh from a car in Shamli district, a senior police official said.
Senior Superintendent of Police Ravinder Singh said that the car was yesterday intercepted by police and Rs 46.5 lakh in the demonetised notes recovered from the vehicle in the city area.
Three persons who were plying in the car were taken into custody for interrogation, the officer said, adding investigation is underway in the matter.
Police have also informed Income Tax Department officials about the recovery, he added.