9 Arrested For Trying To Exchange Defunct Currency Notes 

11 Jun, 2017 18:36 IST|Sakshi
All the accused persons gathered at S R Nagar along with demonetised currency in denominations of Rs 1,000 and 500 and were trying to exchange it through agents for commission. (Representational image)

Hyderabad: The Hyderabad Task force police on Sunday arrested nine persons on charge of illegal possession and trying to exchange old currency with face value of Rs 3.48 crore on commission basis with agents.

"All the accused persons gathered at S R Nagar along with demonetised currency in denominations of Rs 1,000 and 500 and were trying to exchange it through agents for commission," Deputy Commissioner of Police (Commissioner's Task Force) B Limba Reddy said.

The arrested accused persons including realtors, a doctor among others committed an offence under IPC sections 420 (cheating), 511 (atempting to commit offences punishable with imprisonment for life or other imprisonment) and relevant sections of the Specified Bank Notes (cessation of liabilities) Act, 2017, the DCP added. Further probe is on. —(PTI)

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