Demonetized currency still in Valley, at least Rs 50 lakh

Demonetized currency still in Valley, at least Rs 50 lakh
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Srinagar: J&K police have arrested two persons and recovered demonetized currency of 50 lakh from their possession in Srinagar, a statement issued by police said on Sunday.

A police party of Police Post Baghiyas led by the in-charge Police Post sub-inspector, Ajaz Ahmad, apprehended two persons during a surprise naka checking near Batboni Baghiyas and recovered demonetized currency of rupees 50 lakh from their possession.

These two persons were later identified as Nazir Ahmad Rather, son of Mohammad Ramzan Rather, resident of Syedpora Rafiabad and Akeel Ahmad Khan, son of Ali Mohammad Khan, resident of Kanpur UP at present Baramulla.

Accordingly, cognizance was taken under the specified bank notes (cessation of liabilities) act, 2017 and further investigation was taken up, police said.

“These accused persons will be presented before the competent Court for judicial determination,” the statement added.

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