Gang involved in exchange of demonetised currency busted in Ghaziabad
Outdated forex amounting to 1 crore was seized by Gaziabad Police.
- Outdated forex amounting to Rs 1 crore was seized by Ghaziabad Police
- Gang was concerned within the trade of Rs 500, Rs 1000 outdated notes
- Casinos in Nepal illegally trade outdated Indian forex
A yr after demonetisation, hoarders of black cash proceed to search out means to trade the demonetised forex notes.
Ghaziabad Police on Tuesday seized demonetised notes of Rs 500 and Rs 1,000 amounting to Rs 1 crore.
The police busted a gang of 10 who have been concerned within the trade of demonetised forex notes.
Performing on a tip-off, the police recovered the money from a Nepal-bound Maruti Swift.
Police mentioned that the accused have been to trade the notes with new forex notes.
In response to the police, the gang exchanged the demonetise notes for fee in Nepal.
Sources mentioned that casinos working in Nepal exchanged the outdated forex notes.
The gang reportedly charged one per cent of the full quantity exchanged as fee.
The police have additionally ready a listing of such casinos that are concerned within the unlawful trade of forex. Police mentioned that few businessmen are additionally concerned with the gang.
Nepalese banks have a deposit of greater than Rs 250 crore Indian forex notes.
Learn: Demonetisation a fancy subject, RBI and Nepal Rashtra Financial institution in talks to resolve it: FS
Watch: Demonetisation was good for quick time period on-line transactions solely: P Chidambaram