Bengaluru, Mar 29: Central Crime Branch sleuths arrested four persons for trying to exchange demonetised notes and recovered Rs 4.98 crore in Rs 1,000 and Rs 500 denominations and four mobile phones from them.
In the first case, Rs 3 crore was recovered from Nanjunda (46), a resident of Shanthinagar, Bengaluru. On a tip-off, the police arrested the suspect when he was waiting for customers in his car opposite New Shanthi Sagar hotel on Bull Temple Road in Shankarpuram, Basavanagudi. Two of his associates fled on seeing the police. The sleuths are interrogating him to ascertain the sources of the notes.
In the second case, the sleuths arrested Ambrose (42), a resident of Jayanagar, Arif Pasha (34)?of Bannerghatta Main Road and Felix (35) from Thiruvananthapuram in Kerala and recovered demonetised notes worth Rs 1.98 crore, two cars and three mobile phones.
The police caught them in front of Shivali hotel near Bhashyam Circle in Rajajinagar II Block when they were waiting for customers. They claimed that they received notes from various sources in Karnataka, Tamil Nadu and Kerala.
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