Meanwhile, Aligarh police also seize ~50 lakh in old currency notes

ALIGARH: Aligarh police on Wednesday recovered ~50 lakh in old currency notes during a raid in a city hotel in Sarsaul area here. The police also claimed to have busted a gang involved in exchanging old currency notes with the arrest of five persons.

According to the police, trader Nitin Agarwal had given the demonetised notes to one Bhuvnesh Kumar, Neelkanth hotel in Sarsaul area, for getting exchanged for new currency notes. Agarwal had promised ~5 lakh to Kumar on getting the entire notes exchanged.

Police have taken Agarwal and Kumar into custody along with three others. City superintendent of police Atul Srivastav said: “The accused involved in exchanging old currency notes are being grilled by the police.”

Addressing the media, the SP said Aligarh police have succeeded in arresting a gang involved in exchanging old currency notes on commission basis. Police said SO Bannadevi Ved Prakash Saini was on routine patrolling when he got a tip off about the group. On this, a police team under SSP Rajesh Pande raided hotel Neelkanth and arrested Nitin Saxena, Nitin Agarwal, Gajendra, Pradip Kumar, and Bhuvnesh Kumar. An amount of ~50 lakh in banned currency notes was also recovered from their possession.

A case has been filed under Sec. 420/511 of IPC and under section 5/7 of Specified Bank Notes (Cessation of Liabilities) Act -2017, the SP said.