Demonetised notes worth Rs 100 cr seized in Kanpur

Demonetised notes worth Rs 100 cr seized in Kanpur

Nearly Rs 100 crore in demonetised notes were seized in different places in Kanpur on Tuesday night, prompting some bankers to laugh it off as a worthless caper but others to spy the tip of a money-laundering operation.

A builder from Sisamau led the team to the site where the currency was stocked, an UP police official said. They were arrested along with the builder.

Police also raided three hotels from where 11 people were arrested.

Following the government banned 500 and 1000 rupee notes, hundreds of crores of the demonetized currency have been directed into the formal banking system of which a larger part of them is illegal.

Others arrested were Santosh Pathak and Sanjay Rai? both from Mirzapur, Ram Asrey, Dhirendra, Sanjeev Agarwal, Omkar Yadav, Ali Husain, and a woman from Andhar Pardesh, whose identity was not immediately known.

The cash includes demonetised notes of Rs 500 and Rs 1,000 denominations worth Rs 97.60 crore. The recovered banned notes made up a bed-sized stack of cash.

Tremors felt in Erbil as 5.5 magnitude natural disaster hits Kermanshah
A magnitude 7.3 natural disaster in the same area in mid-November killed at least 530 and injured more than 8000. Geological Survey says three earthquakes with a magnitude of around 5 have struck along the Iran-Iraq border.

Simultaneously raid was conducted at the under construction house of Khatri near Gole Chauraha in and demonetized currency amounting to Rs 96.60 crore was seized from there.

Initially, they tried to mislead police, but later during intensive interrogation, they broke down and confessed their crime, the SSP said.

The police declined to reveal the names of the arrested persons.

Police sources here on Wednesday said the currency belonged to five individuals and companies including a prominent detergent-maker.

"We received information of the presence of demonetised currency worth crores at a residential premises in Kanpur, a raid was conducted", said senior Police officer A.K. Meena, adding that the counting was still on.

Get latest news & live updates on the go on your pc with.

Related news:

Hot News

isis-killer-beheading-video-story-top Fireball Cuts Through the Sky Over Michigan as Meteor Falls
Jan 18, 2018 - 03:44
That means a one pound iron meteorite could be worth more than $2,000 while a one pound stone meteorite could get you $9,000. We have chosen a few of the better videos out there, and you can see them all embedded in the post below.

isis-killer-beheading-video-story-top Some Lawmakers Aren't Happy With Steve Bannon's Testimony
Jan 18, 2018 - 03:41
" Mueller will hear everything Bannon has to say", a strikingly similar source told The Daily Beast . White House press secretary Sarah Sanders insisted "no one" had discouraged Bannon from transparency.

isis-killer-beheading-video-story-top Jose Mourinho's change of approach in feud with Antonio Conte
Jan 17, 2018 - 00:19
You play FA Cup , you play Champions League, then the league". "For sure he was our target but as you know this is football. At the same time we're showing not great quality in our finishing.

isis-killer-beheading-video-story-top Bad blood between Rockets, Clippers carries over after game
Jan 17, 2018 - 00:19
With just over one minute remaining on the game clock, Griffin and Rockets swingman Trevor Ariza were both ejected. They have each other's back. "We were where we were supposed to be", Griffin said.

isis-killer-beheading-video-story-top Kim Kardashian and Kanye West Reportedly Welcome Their Third Child Via Surrogate
Jan 17, 2018 - 00:15
Kim , 37, revealed that her daughter was born on Monday, January 15, and has confirmed that she weighed seven pounds, six ounces. Kim Kardashian announced Tuesday morning on her website the birth of her third baby, this time via a surrogate .

isis-killer-beheading-video-story-top Micromax Bharat GO to debut with Android Oreo Go Edition this month
Jan 16, 2018 - 00:59
Though nothing is concrete about the details of the device as of now, it's expected to be a low-end device priced around ₹2,000. Android Go is a program similar to Android One that also aims to improve the budget smartphones ecosystem.

isis-killer-beheading-video-story-top Freedom Planet Teased For Nintendo Switch
Jan 16, 2018 - 00:59
Speaking to a fan on social media , Netflix confirmed that it doesn't have a version of its application in development for Nintendo's platform.

Construction company with Chelmsford Prison contract goes into liquidation
Jan 16, 2018 - 00:58
Jim Kennedy, from the union Unite, said: "What is being discussed behind closed doors today has a real impact on each and every one of us".

isis-killer-beheading-video-story-top Dolores O'Riordan, Lead Singer of The Cranberries, Dead at 46
Jan 16, 2018 - 00:57
She was suffering at the time from what the judge in her case described as "very severe mental illness" and was fined 6,000 euros. They went on to release a number of hit singles, including " Zombie " and Linger' , and sold over 40 million records worldwide.

isis-killer-beheading-video-story-top Fighter Pilot Makes Impressive Entrance to Announce She's Running for Senate
Jan 14, 2018 - 00:21
Another high-profile candidate, Ward, was an early favorite of former Trump adviser Steve Bannon. McSally also shared a stern rhetoric on immigration that Trump has often made headlines with.

isis-killer-beheading-video-story-top Princess Charlotte Attends 1st Day of Nursery School
Jan 14, 2018 - 00:20
The young princess seems to be a step ahead of her brother Prince George who can count to 10 in Spanish aged just 3. The source also described her as 'so polite, but also fun and energetic, ' adding, 'She has attractive manners'.

isis-killer-beheading-video-story-top The 10 best moments from the '20/20' Tonya Harding special
Jan 13, 2018 - 03:33
In the smallest, saddest voice, Harding responds with, "Why can't it just be about the skating?" I haven't seen the movie . Golden denied the drinking claims as well, saying she would drink coffee with brandy flavoring.

isis-killer-beheading-video-story-top Trump plows for support in farm country
Jan 13, 2018 - 03:32
Supporting broadband tower facilities in rural America and federal properties managed by the Department of the Interior . President Trump received numerous standing ovations during his speech to the American Farm Bureau.

isis-killer-beheading-video-story-top Kim Kardashian and Kanye West's Surrogate Due 'Any Day Now,' Source Says
Jan 12, 2018 - 00:40
The couple are expecting the baby via a surrogate and it's thought that the little girl could arrive "any day". She said: 'It is frustrating like to not be able to do it on your own.

isis-killer-beheading-video-story-top Trump rails against FISA before vote-because it targeted his campaign
Jan 12, 2018 - 00:39
It was legally authorised in 2008 by Section 702 of the Foreign Intelligence Surveillance Act . The House bill before Congress would extend section 702 to 2021.