Around Rs 1 crore in scrapped notes seized; five held

MUMBAI: Around Rs one crore in demonetised currencies were seized from a finance company’s office in suburban Mulund, the police said today.

Five persons, including two employees of the financial company, were arrested in this regard, a senior officer said.

The incident came close on the heels of the seizure of Rs 2 crore in the scrapped notes from a car in suburban Bandra on Wednesday.

“The banned notes were kept at the company’s office located at Parmeshwari Plaza in Mulund, for exchanging them with new currencies last night,” the DCP (Zone VII), Sachin Patil told reporters at a press conference.

He said the seized banknotes comprised 9964 pieces in denomination of Rs 500 and 4998 pieces in denomination of Rs 1000. (AGENCIES)

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