Business Standard

Two held with Rs 1.34 cr in scrapped bills

Image

Press Trust of India Hyderabad
Two persons were nabbed from Jubilee Hills here today with Rs 1.34 crore in demonetised currency notes, police said.

A Jaya Kumar, a businessman dealing in sarees, and G Narasimha Mudiraj, who is into real estate, were apprehended when they were waiting for agents to illegally exchange old cash bills of Rs 1000 and Rs 500 denominations on a commission basis, Additional Deputy Commissioner of Police (Task Force) C Shashidhar Raju said. Further probe is on.

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Sep 16 2017 | 11:07 PM IST

Explore News