Hyderabad: Hyderabad task force police seized demonetised currency worth ₹2 crore in Narayanguda. The operation was carried out in two separate raids.
Two suspects were detained near Canara Bank opposite Shanti Theatre. The other two were caught near the Water Works office. Officials said the old notes were stored in three bags.
Hyderabad police seize demonetised currency and begin investigation into racket
The suspects and seized cash were moved to Narayanguda police station. Police began an investigation to track how the notes surfaced.
The demonetisation drive of 2016 banned ₹500 and ₹1,000 notes. Later, ₹2,000 notes were also withdrawn in 2023. Despite this, Hyderabad continues to see cases of demonetise currency circulation.
