Nine arrested for trying to exchange scrapped notes

The arrested accused persons including realtors, a doctor among others committed an offence under IPC sections 420, 511 and relevant sections of the Specified Bank Notes Act, 2017.

By: PTI | Hyderabad | Published:June 11, 2017 6:20 pm

Nine persons were on Sunday arrested from here on charge of illegal possession and trying to exchange old currency with face value of Rs 3.48 crore on commission basis with agents, police said. “All the accused persons today gathered at S R Nagar along with demonetised currency in denominations of Rs 1000 and 500 and were trying to exchange it through agents for commission,” Deputy Commissioner of Police (Commissioner’s Task Force) B Limba Reddy said.

The arrested accused persons including realtors, a doctor among others committed an offence under IPC sections 420 (cheating), 511 (atempting to commit offences punishable with imprisonment for life or other imprisonment) and relevant sections of the Specified Bank Notes (cessation of liabilities) Act, 2017, the DCP added. Further probe is on.

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  1. D
    din
    Jun 11, 2017 at 7:43 pm
    they are all some how or other-way linked to Congress and Rahul's mother
    Reply
    1. S
      Sankaran Krishnan
      Jun 11, 2017 at 7:25 pm
      Nab the entire network of exchanges of banned notes and those whoever was caught let them under to jail and also seize all the cash and bank balances with them which are all earned in Illegal ways nd better to verify the bonafides of the persons or else they are Benami's of some of the Politicians/Business persons so that they can also be arrested for their illegal act !!!
      Reply
      1. D
        din
        Jun 11, 2017 at 7:46 pm
        FURTHER MORE TO Sankaran Krishnan IF THEY ARE NOT CITIZEN OF INDIA AND NOT INDIAN ORIGIN BEFORE THEY ACQUIRED INDIAN CITIZEN HANG THEM OR DEPORT THEM NECKED AND DRY
        Reply