A businessman from west Delhi was detained by police with old currency worth Rs 4.23 crore.
A businessman in west Delhi has been detained with old currency worth Rs 4.23 crore, police said. The man was detained on Tuesday by the crime branch of Delhi police. He informed the police that two people, who claimed to be working with the Reserve Bank of India (RBI), had promised to convert his demonetised currency into legal money.
The businessman was charging 50 per cent commission for getting the notes exchanged and it is suspected that he had promised to split half the commission with the two alleged RBI officials, police said.
The trio had a meeting at a hotel in the capital a few days back and the businessman was supposed to get Rs 20 crore in old currency for exchange.
He had received Rs 4.23 crore and had hired a cash van to take the amount, but was detained by the Crime Branch team, they said.
Police said further probe in the matter is being carried out by the Income Tax department.