Pune: Five persons, including a Congress corporator from Sangamner, have been arrested by Khadak police on Thursday for possessing demonetised currency worth Rs 3 crore.
The arrested person came to Raviwar Peth to exchange the demonetised currency, said the police.
Those arrested were identified as Gajendra Abhang, 47, a resident and Indian National Congress corporator of Sangamner, Vijay Shinde, 38, a resident of Khadki, Aditya Chavan, 25, a resident of Mulshi, Suresh Jagtap, 40, a resident of Satara and Navanath Bhandagale, a resident of Karve Nagar.
According to Khadak police, all five were near Bandiwan Mandir in Ravivar Peth to exchange the demonetised notes which they were carrying in four bags. The arrested persons were carrying demonetised currency of 36,000 notes of 500 and 11,900 notes of Rs 1,000.
The police arrested the accused persons on the basis of a tip-off provided to them. The accused arrived in Raviwar Peth at around 11:30 pm on Thursday night and were arrested before they could exchange the currency.
Rajendra Mokashi, Police Inspector, Khadak police station, said, “Cops from our police station were tipped off by an informer on the basis of which we laid out a trap, After being apprehended by us, the arrested person carrying demonetised currency did not have any documents from the government of India to reason the legal possession of demonetised notes.”
All accused persons have been booked under relevant sections of ‘The specified bank notes (Cessation of Liabilities) Act.