Demonetised notes worth Rs 100 crore seized from residential premises in Kanpur

Biggest Note Haul: Demonetised notes worth over Rs 100 crore seized from Kanpur house

In a raid at a building in Uttar Pradesh's Kanpur, the National Investigation Agency (NIA) has recovered currency worth Rs 100 crore (and counting) - all in demonetised Rs 500 and Rs 1,000 notes, making it the largest-ever haul of demonetised notes in the country.

A team from the Reserve Bank of India (RBI) and the Income Tax (IT) Department will disclose the exact amount of the seized currency later, said the officer. On the tip-off provided by them, three others including Anand Khatri, a prominent city builder and two other locals including Santosh Yadav, a professor of DAV college and Mohit Dhingra, were arrested. The raid was reportedly carried out by NIA with the help of the UP Police.

As much as Rs 96.62 crore was found in banned notes of Rs 1,000 and Rs 500 and 16 people, including a builder, were arrested.

Several of the arrested people are from Lucknow, Mirzapur and Hyderabad. This is the biggest confiscation of old notes since the currency ban in 2016.

Initially, they tried to mislead police, but later during intensive interrogation, they broke down and confessed their crime, the SSP said.

More news: IL: State Warns of Potential Measles Exposure at O'Hare
More news: Snow begins early morning on Monday, followed by risky cold Tuesday
More news: 'Seems unlikely' I'll need to speak with Mueller

It was revealed that huge amount of demonetised currency was stored in gunny bags in the builder's ancestral house near Gole Chauraha in Swaroop Nagar.

Earlier, the NIA had recovered Rs 36.34 crore in demonetised currency in Delhi in November previous year.

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 currency belonged to four-five "individuals or companies" including a distinguished detergent-maker, an NIA official said.

"We received information of the presence of demonetised currency worth crores at a residential premises in Kanpur, a raid was conducted", said senior Police officer A.K. Meena, adding that the counting was still on. Download The for your device.

Related News:

14 January 2018

Myanmar Faces Truth, Admits Soldiers Behind Rohingya Mass Grave
Thousands of Rohingyas had left the violence of what United Nations had called Ethnic cleansing, since August 25 in 2017. Kono urged her to improve the human rights situation for Rohingya people who have fled to neighboring Bangladesh.

12 January 2018

Counselor to the president Kellyanne Conway: 'Nobody here talks about Hillary Clinton'
"The fact is, we only have to talk about her because people won't let go of an election that she lost miserably", said Conway . President Donald Trump has made it abundantly clear that he is not done talking about his former opponent, Hillary Clinton .

10 January 2018

Manhunt for pair charged in girl's death underway
Leah Barrett said her family is heartbroken over the loss, but feels better knowing Diaz and Fields have been found and arrested. Sumpter Township police have released photos of a man and woman they say are wanted in the death of their 4-year-old daughter.
17 January 2018

Brexit can still be stopped, Donald Tusk tells Britain
The European Council president said Tuesday that the bloc's "hearts are still open" to the United Kingdom if it changes its mind about Brexit .

15 January 2018

Auto flies into second floor of building
Orange County firefighters, along with a Los Angeles County search and rescue team, removed the vehicle from the building. The vehicle hit the center divider and went airborne and landed into the building.

13 January 2018

Akash Dadlani out of Bigg Boss
Why Akash Did Weird Things In The House? The way Hina has been treating fellow celebrity Shilpa Shinde is just unforgivable. As she was been targeted majority of times but she won fighting it her way and reached the finale.
17 January 2018

North Korean Samjiyon Band to perform during Pyeongchang Olympics
The broadcast comes as the two Koreas are locked in talks to arrange North Korea's participation in the Olympics next month. The statement says Pyongyang will dispatch the 140-member Samjiyon Orchestra to the South.

11 January 2018

De Bruyne comments on contract renewal
But it appears Pep Guardiola's side will test Arsenal's resolve, once again. 'We have some rest now, ' he said. I can not complain for the moment.

11 January 2018

Former Bills defensive coordinator Mike Pettine lands with Packers
The #Packers have wrapped up their period of uncertainty: Joe Philbin is the offensive coordinator. Packers head coach Mike McCarthy interviewed Pettine for the defensive coordinator's job Tuesday.
17 January 2018

The 2019 Ford Mustang Bullitt Is Ready to Conquer The World
The new 'Stang isn't holding back, although you can get in the "Dark Highland Green" paint job that McQueen's Mustang sported. A national tour of the '559 " Bullitt " Mustang is also being organized by the HVA and will be announced in the near future.

16 January 2018

Venus Williams crashes out in the first round of the Australian Open
Also sent packing on the first day were the Americans - World No. 9, Coco Vandeweghe , and 2017 US Open victor , Sloane Stephens. By the rankings, it was an upset, but by no means, this was an upset for Bencic, who was a former top-10 player as a teenager.

16 January 2018

Lincoln, Honda, and Volvo winners at 2018 NAIAS
The announcements were made Monday morning at the auto show's traditional location of the Cobo Center in Detroit. The Volvo XC60 took the top prize in the utility category and the Lincoln Navigator for trucks.