NIA and UP Police unearth around Rs 100 crore in demonetised currency in Kanpur

Nation Next Newsroom | Jan 17, 2018 15:54

Photo Source: ANI/Twitter

In what can be called as the biggest raid post demonetisation, National Investigation Agency (NIA) and Uttar Pradesh Police today unearthed around Rs 100 crore in demonetised currency at a home in Kanpur. The officials found a bed of Rs 1000 and Rs 500 notes, which were demonetised by government on November 8, 2016.

AK, Meena, Senior Superintendent of Police, told ANI, that the police received the information of presence of demonetised currency worth crores at a person’s residential premises in Kanpur. A raid was conducted thereafter. The Reserve Bank of India and Income Tax officials have been informed about the same.

As per a Hindustan Times report, the NIA is of the opinion that the money was hidden with an intention of converting it into legal currency through illegal means. Further investigations in the case are going on.