The Ghaziabad police on Tuesday seized scrapped currency notes worth Rs 15.30 lakh and took four persons into custody for questioning.
Acting on a tip off, the police intercepted a Santro car bearing Delhi registration number near Kaushambi here and recovered old Rs 1,000 and Rs 500 notes wrapped in a plastic bag from the car. The police also detained four persons.
After recording their statements, the police informed the income tax officials.
“We have detained them and the arrests will be made after the income tax officials ascertain why the notes were not exchanged before December 31, 2016,” said Superintendent of Police (City) Salman Taj Patil.
The Prime Minister Narendra Modi-led government banned Rs 1,000 and Rs 500 notes on November 8 and gave 50 days till December 31, 2016 to the people to exchange the old notes.