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Four held, Rs 6.58 crore in old currency seized

Four property dealers were arrested in Delhi and over Rs 6 crore in demonetised notes seized from them, Delhi Police…

Four held, Rs 6.58 crore in old currency seized

Representational Image (PHOTO: GETTY IMAGES)

Four property dealers were arrested in Delhi and over Rs 6 crore in demonetised notes seized from them, Delhi Police said on Wednesday.

The accused were carrying the demonetised currency notes in a Honda City and Maruti Ritz cars to exchange it in upscale Safdurjung Enclave market area, a senior police officer told IANS.

"Over Rs 6.58 crore in currency notes of Rs 500 and Rs 1,000 was seized," the officer said. 

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Two of the accused, Sunil and Jitender, told police they invested in multi-storyed housing projects.

The Income Tax Department officials have seized the cash and are investigating

Intial investigation suggested the involvement of some hawala traders, he added.

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