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Assam: Four held in Golaghat with Rs 25 lakh each in new notes

The four were caught when they were trying to exchange Rs 30 lakhs worth old notes,

Written by Samudra Gupta Kashyap | Guwahati |
December 14, 2016 9:15:05 pm
money, money seized, new notes, new notes seized, assam, assam notes, assam new notes, assam news, india news (Representational)

Police on Wednesday arrested four persons in Golaghat in upper Assam and seized from them new Rs 2000 notes worth Rs 25 lakh while they were trying to exchange that for old notes of Rs 1000 and Rs 500 denominations worth Rs 30 lakh. Disclosing this Golaghat additional SP Numal Mahatta said the four persons had arrived from Jorhat with the intention of exchanging the new notes with old notes, through which they would have made a profit of Rs five lakh. Golaghat is about 290 kms east of Guwahati.

“The four persons, during interrogation revealed that they had come to meet a person in Golaghat who would have given them old notes worth Rs 30 lakh in exchange of new notes worth Rs 25 lakh. That way they would have earned a Rs 5 lakh profit,” Mahatta said.

The four persons who were arrested have been identified as Sunil Maheswari, Manish Agarwal, Ajay Chandak and Babul Ali. While for the first three were businessmen from Jorhat town, Babul Ali hailed from Titabor, the constituency represented in the state assembly by former chief minister Tarun Gogoi.

“We are trying to identify the person from whom the four would have collected the old notes. Investigations are also on with the help of Jorhat Police to find out where the four persons would deposit the old notes that they would have collected,” Golaghat additional SP Mahatta said.

Meanwhile, the Income Tax department on Wednesday continued interrogation of and search operations in the residence of Harjit Singh Bedi, a Guwahati-based businessman from whose residence the Assam Police CID had recovered over new Rs 2000 denomination notes worth Rs 1.54 lakh on Monday. The CID on the other hand is investigating into Bedi reportedly purchasing an SUV at Rs 13 lakh from a prominent Congress leader a few days ago. (ends)

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