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Demonetized notes at large; police arrests three culprits

In an attempt to eradicate black money, Narendra Modi had discontinued the use of the old Rs. 500 and Rs. 1000 notes. So what were these people doing with it?

Three persons on Wednesday were arrested for indulging in the exchange of demonetized currency notes worth Rs. 74, 71,000.

READ ALSO: IT Raid: black money worth crores from private vault

The sleuths of Special Operation Team (SOT) Malkajgiri Zone, in Hyderabad’s Rachakonda Commissionerate, on credible information apprehended the three accused with the huge sum of banned currency notes.

Two motorcycles and four mobile phones were also seized from their possession.

An investigation into the case is underway.

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