Seven people were arrested with demonetised notes of Rs 1,000 and Rs 500 in Uttar Pradesh's Basti district, police said today.
They were arrested near a school in Karanpur village. The notes had a face value of Rs 1.11 crore, they said.
The matter is being probed, police added.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
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