Nearly a year after the Centre demonetised Rs 1,000 and Rs 500 currency notes, the Delhi Police has arrested five men, who were found carrying Rs 4.65 crore in old currency in Rohini. Following the bust, sources said all agencies are on the lookout for money exchange rackets in the capital. According to police, the accused collected old notes from various people, including businessmen, and got in touch with a main dealer to exchange them for new notes. The accused told police that the dealer took Rs 15,000 for every Rs 1 lakh of currency exchanged.
Sources told The Sunday Express that police are probing whether government officials and hawala operators are involved in the alleged racket. Sources said police have alerted security agencies, including the Special Cell and Crime Branch, as well as the RBI and Enforcement Directorate, about the bust.
Confirming the recovery, DCP (Rohini) Rishi Pal said, “We arrested five persons who had come to deliver these notes to someone else. We have also informed the agencies concerned regarding the matter. Intelligence agencies have also been informed.” JCP (northern range) Rajesh Khurana said, “We are looking into how they planned to exchange the old notes for new ones. The matter is being investigated.”
Police said a case under IPC sections 188 (disobedience to order duly promulgate by public servant), 420 (cheating) and 120 B (punishment of criminal conspiracy) has been registered at Rohini South police station.
According to sources, local police received a tip-off that the men would come to M2K mall in Rohini South area on the intervening night of Thursday-Friday. A trap was laid and the men, who were in a Hyundai i20, were arrested. They were carrying the notes — mostly old Rs 500 ones — in separate bags.
During questioning, the accused named a few persons who are now being tracked by police.
A police officer said the men are from Saket, Malviya Nagar, Dwarka, Subhash Nagar and Rajouri Garden. Police suspect they acted as collection agents in their respective areas.
The car belongs to the accused living in Saket. Two of the accused work as drivers while the third works at a fire extinguisher company. The other two are unemployed.