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Meerut police arrest five with Rs. 29 lakh in old currency

Swati Sharma | Meerut |

Police have arrested four men and a woman with more than Rs. 29 lakh in old currency notes of 500 and 1,000 denomination.

On a tip, Pallavpuram police raided Marwari Bhoj, a restaurant near Modipuram police chowki, and arrested four men and a woman for possessing Rs. 29,42000 in old currency.

The arrested men have been identified as Shakti Singh alias Joni, son of former Pradhan Amar Singh from Rithani, Ravindra of Gawdi village of Partapur, Manoj of Daurala , Deepak and Mamta of Modinagar.

The accused have been giving contradictory statements to the police regarding the source of the money and the purpose to carry it along, police said. But it has been established that the money belonged to Joni.

"Action is being taken as per the law against the five accused," said SHO Pallavpuram Brijesh Kumar Singh.

In the investigation, the police have come to know that Joni had requested his friend Ravindra to get old currency exchanged. Ravindra claimed he knew some bank officials and he roped in another friend Manoj. Deepak and Mamta work as agents in a company and were known to them.

The meeting at the restaurant was held in connection with the money exchange.