Nearly Rs. 100 crore of banned notes in Kanpur home

Marcus Newton
January 18, 2018

Banned currency notes worth Rs 100 crores have been found at a house in Kanpur, Uttar Pradesh.

The seized currency is likely to be around Rs. 100 crore and the owner of the house is identified as Ashok Khatri who runs the business of money exchange.

The Kanpur Police have seized Rs 96 crore in demonetised notes from the possession of 16 people, including a businessman and a lecturer from a government degree college.

The police said it received information of presence of demonetised currency worth crores at a person's residential premises in Kanpur, following which a raid was conducted. According to SSP Akhilesh Kumar, the arrested people include Anand Khatri, a prominent city builder and two other locals including Santosh Yadav, a professor of DAV college and Mohit Dhingra, besides a woman Rajeshwari of, Koteshwar Rao of Telangana, Sanjeev Agarwal of Kolkata (West Bengal), Ali Husain of Andhra Pradesh, Maneesh Agarwal of Howrah (West Bengal). The currency was neatly stacked to form a bed of currency notes. The I-T department is in the process of sending notices to 1.16 lakh individuals and firms who made cash deposits of more than Rs 25 lakh in bank accounts post the note ban but failed to file returns by the due date. They were arrested along with the builder.

UP police busts biggest haul of old notes in Kanpur
UP police busts biggest haul of old notes in Kanpur. Courtesy ANI news

Initially the arrested persons tried to mislead police, but later during sustain grilling they broke down and confessed to their crime, the police said.

It was revealed that huge amount of demonetised currency was stored in gunny bags in the builder's ancestral house near Gole Chauraha in Swaroop Nagar.

As many as 16 people, including a prominent builder, were arrested in connection with the seizure of almost Rs 97 crore in demonetised currency notes kept in gunny bags stacked inside a bed from the builders ancestral house here.

Seven people were intercepted by an NIA team in the capital's Connaught Place area when they were carrying 28 cartons filled with demonetised Rs 1,000 and Rs 500 notes in four vehicles - BMW X3, Hyundai Creta SX, Ford EcoSport and BMW X1, an NIA spokesperson said.

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Other reports by MaliBehiribAe

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