Three people have been arrested in two separate incidents in Maharashtra's Thane district and demonetised currency with a face value of Rs 1.23 crore was seized from them, the police said on Tuesday.
In the first incident, on Monday, two people were spotted moving suspiciously near Saibaba octroi checkpost in Bhiwandi carrying bags and a search showed it contained demonetised notes in scrapped denominations of Rs 1000 and Rs 500 with a face value of Rs 1 crore," a senior police officer said.
"The bag contained 8,000 notes of Rs 1000 denomination and 4,000 notes of Rs 500 denomination, having a total face value of Rs 1 crore. We arrested Gopal Varule (42), a resident of Jalgaon, and Arun (54) who hails from Kalyan, from the spot," he said.
In the second case, police zeroed in on Firoz Ansari (45), a tuition teacher from Saki Naka in Mumbai, near Korum Mall here and recovered 2,300 notes of Rs 1000 denomination, with a cumulative face value of Rs 23 lakh," an official said.
All three have been charged under the Specified Bank Notes (Cessation of Liabilities) Act, 2017, and a probe is underway to find out details about the money, the police said.