Demonetised currency notes worth Rs 1.60 crore were seized by police from two persons, who have been arrested from Tardeo area here, an official said today.
The accused Sayar Lakhaji Mali (41) and Jaimin Vhora (34) were arrested yesterday and scrapped currency notes worth Rs 1.60 crore, in Rs 1,000 and Rs 500 denominations were seized from them, the official said.
"Based on specific information that the duo was coming in a vehicle to exchange the scrapped notes, a trap had been laid yesterday at Lala Lajpatrai Road near Haji Ali Beat Chowki," he said.
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Further investigation is on.
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