The Maoist organisation from which Jharkhand Police claimed to have recovered Rs.1.5 crore, on Wednesday said no money was seized from it.
Police on Monday claimed recovering Rs.1.50 crore from four supporters of the organisation, Tritiya Prastuti Committee (TPC).
"The money that has been showed as recovered from us in Chatra district did not belong to us. The police move is aimed at defaming the organisation," the TPC said.
The TPC, claiming itself to be a political organisation, demanded a probe into the issue. It also denied that its members were arrested.