A sum of Rs 93 lakh was seized by police in raids conducted at three places in Jharkhand on Sunday.
Acting on a tip-off that someone has exchanged Rs 1 crore in Dumka Head Post Office on Friday night, a police team conducted a raid in the house of one Vinay Kumar Singh and recovered Rs 45 lakh in the Rs 50 and Rs 100 denomination notes.
Singh was a clerk in the Dumka Post Office.
In another raid conducted in the house of a Sibu Patwari and his brother Snil Patwari, Rs 16.5 lakh and Rs 31.5 lakh was recovered in the demonetised currency.
In another raid in Himmatnagar in Gujarat’s Sabarkhana district, police seized over Rs 16 lakh in cash, which included 409 new 2,000 rupee notes which, they said, was meant to be swapped for defunct notes at a commission.
Those arrested have been identified as Mayank Patel (28) and Vishal Panchal (28). Two others, Nilesh Patel and Jitu Patel, are absconding, Parmar said.
(With inputs from PTI)
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