 "Demonetised currency worth Rs 44.86 lakh seized in Madhya Pradesh")
A trader has been arrested in Indore with demonetised currency worth Rs 44.86 lakh, police said on Tuesday.
"Acting on a tip-off, cops arrested a trader identified as Praveen Agrawal (45) near a school last night and seized old notes in denominations of Rs 500 and Rs 1,000 totalling Rs 44.86 lakh," Tukoganj Police Station In-charge, Rajkumar Yadav told PTI.
He was carrying the scrapped currency in a luxury car bearing a Maharashtra number.
Police suspect that he was going to meet someone who would exchange the currency notes on a commission basis. Detailed investigations are underway, Yadav said.
Earlier on April 11, four persons were arrested and demonetised currency worth Rs 64.30 lakh was recovered from their possession.
