Police on Sunday seized over Rs 16 lakh in cash, which included 409 new 2,000 rupee notes from a car at Himmatnagar in Sabarkantha district, which, they said, was meant to be swapped for defunct notes at a commission.
“We have seized Rs 16,20,200 from a car near Himmatnagar medical college and arrested two persons. “The notes in denominations of Rs 2,000, Rs 100, Rs 50, Rs 20 and Rs 10 were to be exchanged with demonetised notes for 35 per cent commission,” D D Parmar, in-charge police inspector of Local Crime Branch, said.
Those arrested have been identified as Mayank Patel (28) and Vishal Panchal (28). Two others, Nilesh Patel and Jitu Patel, are absconding, Parmar said.
“We have registered the offence and started a probe. We have also informed the Income Tax department about the seizure,” he said.