By Ishfaq Reshi
Budgam: Railway police has arrested two men from Mazhama Railway station in Budgam district, and seized old scrapped notes worth approximately Rs 35 lakhs and some jewellery from their possession.
The two men, Farooq Ahmad Labroo and Muhammad Shafi Labroo are brothers hailing from Sumbal. They were caught during routine checking at the railway station Mazhama, an official said.
SSP Railways Dilip Kumar told Kashmir Reader that the two were held early morning on Saturday at the railway station during checking of commuters. Both brothers were carrying black coloured luggage and were going to board train at the station, he said.
Police suspect that the seized cash was black money which the two were trying to convert into white through illegal means.
They said the two men may be part of a well-organised syndicate involved in converting the invalid currency notes into valid currency on commission basis.
Police sources said they are yet to know the source of the money. The men were lodged at Railway police post Mazhama for further questioning.
In all 6600 notes of 500 denomination, and 190 notes of 1000 denomination, totaling 34,90,000 were recovered from the duo. Besides, police also claimed to have recovered three gold rings, one chain pendulum (FSC report awaited), three banks pass books, pan card, stamp pad, headphone, two mobile phones, torch, a sony walkman, and a bank receipt, comb, ipad and a lagguage of black colour.