Gujarat police nabbed four persons with demonetised currency notes worth Rs1 crore near Bharuch town in South Gujarat on Sunday.
The police said that Special Operation Group of Bharuch police intercepted a car that was coming from Surat. When the policemen checked the car, they found scrapped currency notes of Rs1,000 and Rs500 denominations in a bag.
According to the police sources, there were more than 11,300 currency notes of Rs1,000 and Rs5,00 denomination valuing over Rs1 crore.
The police has filed an FIR against four persons travelling in the car and identified them as Chatur Singh Sodha, a resident of Barmer in Rajasthan, Denis Gangani, from Bhavnagar, Himanshu Megdani and Viral Ranpariya and they were arrested in connection with the case.
During interrogation, they failed to provide satisfactory reply about the source of the scrapped currency notes, said a police official adding that
the police have seized the vehicle, their mobile phones and other documents along with the scrapped currency notes. Police said that the arrested persons wanted to exchange the old currency notes with new currency.