Four people were arrested after demonetised Rs 1,000 notes worth Rs 1.6 crore was recovered from them on national highway 34 of North Dinajpore Sunday.
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District police officials said that during a routine check on the NH-34 on Saturday night, an SUV (WB 24K 7900) travelling from Kolkata towards Raniganj was stopped, in which police found the notes. Four persons – Manab Burman, Sanjay Burman, Madan Chandra Sarkar and Sadhan Ray – who were in the car, were arrested. All four are residents of Raniganj, said police.
District SP Amit Kumar Bharat Rathod said, “The four were arrested yesterday while our officers were checking vehicles. We have recovered Rs 1.6 crore from them. The four are being interrogated and police are trying to find out where the money was coming from and where it was heading. Police are also investigating what use the money would have been put to.”
Police said the notes recovered could belong to hoarders who had been engaging people, especially at the districts, to put their bank accounts ‘on hire’ to convert the black money into white.
“Many accounts of people belonging to lower sections of society were being used for such a purpose. Money which would not attract income tax, was deposited in these accounts against a commission of around 10 per cent to be given to the account holder. We are investigating if this money was intended to be used in the same fashion,” said an officer of Itahar police station.