The city police have detained five men, including a a member of the Sangamner municipal council in Ahmednagar district, for allegedly carrying demonetised notes worth nearly ₹3 crore.
Over 48,000 notes
A Khadak police team nabbed the accused from Pune’s Raviwar Peth area late Thursday and seized more than 48,000 demonetised ₹1,000 and ₹500 currency notes, the face value of which is around ₹2.99 crore, said senior police inspector Rajendra Mokashi, in charge of Khadak police station.
Among those detained are municipal councillor Gajendra Abhang (48), along with Vijay Shinde (38), Aditya Ghavan (25), Navnath Bhandagale (28) — all from Pune — and Suraj Jagtap (40) from Satara district. They have been booked under relevant sections of the Specified Bank Notes (Cessation of Liabilities) Act, 2017.
“Acting on a tip-off, we caught the men when they attempted to exchange the demonetised notes. Further investigations are on,” Mr. Mokashi said. A probe is underway to find out whom they wanted to exchange the demonetised notes with, he added.
The official said the Income-Tax department has been notified about the seizure, he said.
(With PTI inputs)