The crime branch nabbed two businessmen near Bairagarh and recovered new currency notes of Rs 7.46 lakh from their possession on Tuesday. The third one, who is considered the main accused, fled and is absconding. They used to charge commission for changing old notes.
Acting on a tip-off regarding two persons carrying bulk cash of new currency notes moving towards Sehore in a car, the police caught them near Chanchal square in Bairagarh.
The two were identified as Jatin Daryani (31) of Bairagarh and Pradeep Khilwani (27) of lalghati and new notes of Rs 7.46 lakh were recovered from their possession. Jatin owns a restaurant ‘U and Me’ in Bairagarh and Pradeep runs a readymade garments shop ‘Shefali collection’ in New Market.
From Jatin police recovered Rs 5.42 lakh in which Rs 5.34 lakh were notes in denomination of Rs 2000 and Rs 8000 were notes in the denomination of Rs 500 and Rs 100 while from Pradeep police recovered Rs 2 lakh in the denomination of Rs 2000 notes and Rs 4500 in the denomination of Rs 500 and Rs 100 notes.
The preliminary investigation conducted so far suggested that the offenders were taking the seized currency to Sehore for changing them (new currency notes) with old ones.
Police said that the two when questioned confessed that the money has been provided by their friend Ashish Rajani who used to give Rs 10,000- Rs 15,000 for every exchange. Ashish owns ‘Aishwarya Sarees’ in Bairagarth.
The nabbed accused told police that Ashish is involved in huge amount of exchange of notes and used to provide Rs 7.8 lakh of new notes in return for old notes of Rs 10 lakh. Police said that Ashish went absconding and is still at large.