NEW DELHI: The NIA has cleared all nine persons, arrested in November ultimate yr with over Rs 36 crore in previous foreign money notes, of terror financing charges, officials stated here on Thursday.
They had accumulated the money with the intention of exchanging it, officials in the probe agency stated.
A distinct NIA court docket released them on bail as of late, officials stated.
The National Investigation Agency had arrested seven people from Connaught Place in the nationwide capital on November 6 with 28 cartons, in four cars, filled with demonetised foreign money of Rs 1,000 and Rs 500 notes. The different two men have been arrested in Srinagar the same day.
A complete of Rs 36.34 crore quantity of previous foreign money notes was once seized from them.
The arrested have been Delhi citizens Pradeep Chauhan, Bhagwan Singh and Vinod Shreedhar Shetty, Deepak Toprani of Mumbai, Ejajul Hassan of Amroha, Jaswinder Singh of Nagpur, and Jammu and Kashmir citizens Umar Mushtaq Dar (Pulwama), Shahnawaz Mir (Srinagar) and Majid Yousuf Sofi (Anantnag).
The probe agency informed the particular court docket here the day past that the nine had nothing to do with terror financing and wanted to interchange the previous foreign money notes, accumulated from various places.
The nine could now not explain how they deliberate to interchange the previous foreign money, the officials stated.
NIA informed the court docket that their "crime" did not fall in the category of offences, which the agency is remitted to probe. The court docket, it stated, would possibly due to this fact love to take a choice to press charges below Specified Bank Notes (Cessation of Liabilities) Act, 2017.
Section 5 of the Act bars any individual from knowingly or voluntarily, retaining, transferring or receiving any specified financial institution note after the expiry of grace length.
Any one discovered accountable is punishable below phase 7 with high-quality that may extend to Rs 10,000 or five instances the amount of the face price of the specified financial institution notes involved in the contravention, whichever is higher.
They had accumulated the money with the intention of exchanging it, officials in the probe agency stated.
A distinct NIA court docket released them on bail as of late, officials stated.
The National Investigation Agency had arrested seven people from Connaught Place in the nationwide capital on November 6 with 28 cartons, in four cars, filled with demonetised foreign money of Rs 1,000 and Rs 500 notes. The different two men have been arrested in Srinagar the same day.
A complete of Rs 36.34 crore quantity of previous foreign money notes was once seized from them.
The arrested have been Delhi citizens Pradeep Chauhan, Bhagwan Singh and Vinod Shreedhar Shetty, Deepak Toprani of Mumbai, Ejajul Hassan of Amroha, Jaswinder Singh of Nagpur, and Jammu and Kashmir citizens Umar Mushtaq Dar (Pulwama), Shahnawaz Mir (Srinagar) and Majid Yousuf Sofi (Anantnag).
The probe agency informed the particular court docket here the day past that the nine had nothing to do with terror financing and wanted to interchange the previous foreign money notes, accumulated from various places.
The nine could now not explain how they deliberate to interchange the previous foreign money, the officials stated.
NIA informed the court docket that their "crime" did not fall in the category of offences, which the agency is remitted to probe. The court docket, it stated, would possibly due to this fact love to take a choice to press charges below Specified Bank Notes (Cessation of Liabilities) Act, 2017.
Section 5 of the Act bars any individual from knowingly or voluntarily, retaining, transferring or receiving any specified financial institution note after the expiry of grace length.
Any one discovered accountable is punishable below phase 7 with high-quality that may extend to Rs 10,000 or five instances the amount of the face price of the specified financial institution notes involved in the contravention, whichever is higher.
NIA clears nine caught with Rs 36 crore in old currency notes
![NIA clears nine caught with Rs 36 crore in old currency notes]()
Reviewed by Kailash
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February 01, 2018
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