Mumbai crime branch seizes Rs85 lakh from Matunga

The Mumbai Crime Branch Unit 5 have seized Rs85 lakh from Matunga. They have detained four individuals for running a racket exchanging old currency into new currency. The four were caught while trying to deliver the new notes to a south Mumbai-based businessman.

The police said the accused had with them Rs2,000 notes worth Rs72 lakh and Rs100 notes worth Rs13 lakh.

An officer from Crime Branch Unit 5 said, “We have detained everyone and will be handing them over to the Income-Tax department, and after they complete their inquiry we will see whether to register a case.” Sources added those carrying cash were to get 50% commission.

Deputy commissioner of police Ashok Dhude (spokesperson) confirmed the seizure and said their investigation is in progress.

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