NIA seizes over Rs80 cr of demonetised currency from Kanpur resident

Demonetised currency worth Rs 80 crore seized from Kanpur

The National Investigation Agency (NIA) and Uttar Pradesh police have recovered demonetised currency notes worth almost Rs 100 crore from an under-construction house in Kanpur in one of the biggest hauls since the high-value currency was banned in November 2016.

In November 2016 after a sudden step of the government towards demonetization, the government declared to deposit all the old notes of Rs. 500 & Rs. 100 within just 1 month and banned completely the same since 1 January 2017.

Meena said the National Investigation Agency (NIA) had gathered inputs about some companies and individuals involved in converting illegal currency into legal money and shared the information with Inspector General of Police, Kanpur, Alok Singh.

A builder from Sisamau led the team to the site where the currency was stocked, an UP police official said. The currency was neatly stacked to form a bed of currency notes. Others arrested were Santosh Pathak and of Varanasi, Ramashray, Sanjay Rai and Dhirendra from Mirzapur, Sant of Baghpat, Omkar Yadav of Lucknow and Anil Yadav of Saharanpur.




Earlier, the NIA had recovered Rs 36.34 crore in demonetised currency in Delhi in November a year ago. Officials said that the matter has been transferred to the IT department for investigating the source of those banned notes. They were arrested along with the builder.

It was revealed that huge amount of demonetised currency was stored in gunny bags in the builder's ancestral house near Gole Chauraha in Swaroop Nagar.

Initially the arrested persons tried to mislead police, but later during sustain grilling they broke down and confessed to their crime, the police said.

At least 16 people have been arrested in connection with the case so far, the report said. Download The for your device.

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