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Posted at: Apr 21, 2017, 2:41 PM; last updated: Apr 21, 2017, 3:43 PM (IST)

Demonetised currency amounting to Rs 51.56 lakh seized; 5 held

Demonetised currency amounting to Rs 51.56 lakh seized; 5 held

Karaikudi, April 21

Demonetised currency notes amounting to Rs 51.56 lakh were seized from five people near a city school on Friday, police said.

The currency was seized during a check of vehicles near New Vidyagiri school here, police said.

Old Rs 500 notes amounting to Rs 10,19,500 and Rs 1,000 notes amounting to Rs 41,37,000 were recovered from the men, who had been arrested, they said.

A case had been registered against them under Specified Bank Notes (Cessation of Liability) Act 2017, which is being investigated by the local DSP, police said. PTI

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