Two arrested with demonetised notes worth ₹62 lakh
The Hindu
Accused bought the currency for ₹10 to ₹12 lakh, say police
Nearly six years after the Union government demonetised ₹1,000 and ₹500 currency notes, two persons — a dairyman and an e-rickshaw contractor — were arrested by the Delhi police on Thursday for allegedly possessing old currency notes worth nearly ₹62 lakh.
A senior police officer said the accused — Azad Singh, 48, and Ezaz Ahmad, 45 — “admitted” to have bought the old currency notes for ₹10-₹12 lakh.
DCP (East) Priyanka Kashyap said they received a tip-off on Wednesday regarding old currency notes being in circulation, following which a trap was laid by a police team near the Laxmi Nagar metro station on Thursday.
The two men were caught with two bags containing old currency notes in the denomination of ₹1,000 and ₹500, with a total face value of ₹61,97,000. The authenticity of the notes is still being verified, said the police.
“Singh, who resides in Greater Noida, runs a dairy, while Ezaz, a resident of Laxmi Nagar, rents out e-rickshaws in the area,” said the senior officer, adding that more persons are involved in the racket and the police are probing their whereabouts.
Teams of Special Cell, Intelligence Bureau and Special Branch have been called to probe the racket, said the officer. The Income Tax Department, Enforcement Directorate and RBI are also being informed for initiating any action at their end, if required, he added.
The old currency notes have been seized and legal action has been initiated against both the accused under relevant provisions of Specified Bank Notes (Classification of Liabilities) Act, 2017, DCP Kashyap said.
Around 440 MBBS graduates of 2021 are not required to undergo one year of compulsory rural service as per the bond signed by them while joining the medical course through government-quota seats in 2015 as the High Court of Karnataka has said the law, enacted in 2012 for mandatory rural service, remained unenforced for 10 years as it was published in the official gazette only in July 2022.