Bengaluru Police arrest 3 for selling demonetised currency
First Published 30, Jul 2020, 10:42 AM
The Jalahalli police have arrested three people who sold demonetised currency and offered commissions to the buyers.
The Bengaluru police have arrested three people who sold demonetised currency and offered commissions to the buyers.
The arrested are Kiran Kumar (32), resident of Magadi Road, BR Praveen Kumar from Manasa Nagar and Pavan Kumar from Kalasipalyam.
According to police, they were arrested as they waited for customers with Rs 1,000 demonetised currency at an apartment in Jalahalli, North Bengaluru.
The police have seized old notes worth Rs 30 lakh from the trio and they have been booked under cheating and the Specified Bank Notes (Cessation of Liabilities) Act.
The arrested men confessed that they lured people by saying they can use the demonetised currency for investment purposes.