550 notes of Rs 2000 seized, Rs 15-lakh currency exchange racket busted

New Delhi: The Chitradurga Police on Thursday busted a currency exchange racket and seized Rs 15 lakh in old and new currency. Six people were arrested in the raid.

Following a tip off that black money was being converted on a commission basis the police raided a water purifier company and seized Rs 15 lakh.

Of the cash seized Rs 11 lakh was in Rs 2000 notes, Rs 3.90 lakh in rs 100 notes and the balance in Rs 50 notes. A case has been registered and police are now trying to find the source of the cash seized.(News24Bureau)