GHAZIABAD: As many as 10 persons have been arrested from Kavi Nagar on Monday night with Rs 1 crore in demonetised currency notes. Cops have seized 14,944 notes of Rs 500 denomination and a couple of,528 notes of Rs 1000 denomination. The arrested persons have been it appears taking the consignment to Nepal to “change” it with the brand new currency.
According to police, the demonetised currency notes got to them by one “Mr Yadav” from Agra. There is involvement of another person Anil Dixit from Greater Noida who had claimed to have Rs 200 crore in outdated notes and had to get it exchanged.
The arrested had been recognized as Avatar Singh, Gaurav Garg, residents of Rohini in Delhi, Rajesh Kumar, a resident of Palwal, Pintu, a resident of Sanjay Nagar in Ghaziabad, Rahul Kumar, a resident of Kavi Nagar in Ghaziabad, Arun Gupta, a resident of Malviya Nagar in Delhi, Deepak, a resident of Mathura, Rahul Sharma, Sachin Kumar and Kavya, all three residents of Meerut.
Police stuck them at around 10pm, following a tip-off that they have been fleeing to Nepal in two automobiles with the demonetised currency notes. SSP Vaibhav Krishna said, “During questioning, Deepak published that the cash belonged to Arun Gupta, who claimed to be a Delhi-based financier and he used to be promised one percent fee for ferrying the cash.”
“Arun Gupta advised that the cash belonged to “Mr Yadav” from Agra. He used to be presented to Yadav by Anil Dixit of Greater Noida. Dixit had advised Gupta, in general there used to be Rs 200 crore in demonetized currency notes which needed to be shifted to Nepal in numerous instalments. Gupta added, he used to be given three to four percent fee for every travel. Other accomplices have been also getting a fee on the basis of the job assigned to them,” the SSP added.
Following the arrest, the senior officers of the source of revenue tax division have been informed to collect further details about their modus operandi.
Police resources said that the accused have been advised that demonetized currencies have been being dumped in Nepal with a hope that they would be exchanged with the brand new notes someday.
The arrested persons had been booked under relevant sections of Prevention of Money Laundering Act and the Specified Bank Notes (Cessation of Liabilities) Act.
According to police, the demonetised currency notes got to them by one “Mr Yadav” from Agra. There is involvement of another person Anil Dixit from Greater Noida who had claimed to have Rs 200 crore in outdated notes and had to get it exchanged.
The arrested had been recognized as Avatar Singh, Gaurav Garg, residents of Rohini in Delhi, Rajesh Kumar, a resident of Palwal, Pintu, a resident of Sanjay Nagar in Ghaziabad, Rahul Kumar, a resident of Kavi Nagar in Ghaziabad, Arun Gupta, a resident of Malviya Nagar in Delhi, Deepak, a resident of Mathura, Rahul Sharma, Sachin Kumar and Kavya, all three residents of Meerut.
Police stuck them at around 10pm, following a tip-off that they have been fleeing to Nepal in two automobiles with the demonetised currency notes. SSP Vaibhav Krishna said, “During questioning, Deepak published that the cash belonged to Arun Gupta, who claimed to be a Delhi-based financier and he used to be promised one percent fee for ferrying the cash.”
“Arun Gupta advised that the cash belonged to “Mr Yadav” from Agra. He used to be presented to Yadav by Anil Dixit of Greater Noida. Dixit had advised Gupta, in general there used to be Rs 200 crore in demonetized currency notes which needed to be shifted to Nepal in numerous instalments. Gupta added, he used to be given three to four percent fee for every travel. Other accomplices have been also getting a fee on the basis of the job assigned to them,” the SSP added.
Following the arrest, the senior officers of the source of revenue tax division have been informed to collect further details about their modus operandi.
Police resources said that the accused have been advised that demonetized currencies have been being dumped in Nepal with a hope that they would be exchanged with the brand new notes someday.
The arrested persons had been booked under relevant sections of Prevention of Money Laundering Act and the Specified Bank Notes (Cessation of Liabilities) Act.
10 held with Rs 1 crore in demonetised notes
![10 held with Rs 1 crore in demonetised notes]()
Reviewed by Kailash
on
June 06, 2018
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