Surat police have arrested a man for allegedly carrying demonetized currency worth Rs 3.80 crore on Sunday.
During a routine checking of vehicles, the amount in denominations of defunct Rs 500 and 1,000 notes were seized from a car, inspector RM Sarode said.
The man carrying cash told police that he had collected it from a person in Vadodara. "He hasn't yet disclosed how he was going to utilisethe scrapped notes," police said.
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