A big scam on demonetization has been disclosed by the Kanpur police on Wednesday morning.
In November 2016 after a sudden step of the government towards demonetization, the government declared to deposit all the old notes of Rs. 500 & Rs. 100 within just 1 month and banned completely the same since 1st January 2017.
After a recent incident over demonetization currency in Delhi on Nov. 2017, Kanpur police also gets the success over recovering the demonetized currency which is around Rs. 100 crore.
On Wednesday Kanpur Police raid at the premises of a resident of Kanpur and collected a huge amount from his locked room.
The whole incident took place at Kanpur when the Kanpur Police received the information about the presence of demonetized notes which was being hidden by the individuals in an under-construction house in the Swaroop Nagar of Kanpur.
According to the police officials, they had arrested the concerned person and doing the further investigation to check out the involvement of another person if there is any.
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.
According to NIA official, the currency may belong to four to five individuals or the leading detergent maker.