4 realtors held with Rupees 3 crores in banned notes

Viveknagar police arrested a gang of four real estate agents who were transporting demonetised currency amounting to Rs 3 crore.

Published: 13th August 2017 09:30 AM  |   Last Updated: 13th August 2017 09:30 AM   |  A+A-

The four real estate agents with the cash that was seized from them

By Express News Service

BENGALURU: Viveknagar police arrested a gang of four real estate agents who were transporting demonetised currency amounting to Rs 3 crore.
The arrested are Ayub, (50), a resident of Shanthinagar, Athik (38) of Frazer Town, Azim (32)  of Nanjappa Circle and Amzad of Shivamogga. They were arrested on Friday night during a routine vehicle check-up on Srinivagilu. Police found four bags with demonetised notes of Rs 500 and Rs 1,000.

They told the police that the money belongs to Sourabh Jain, who hails from Kolkata. A senior police officer said police were checking vehicles at 10.50pm when the four came in a car. On noticing the police, they tried to take another route, but the police managed to stop their vehicle. The four then abandoned their vehicle and started running. The police gave a chase and nabbed them.

During interrogation, the arrested told the police that they received the money from Jain and his friend Mahesh who had arrived in the city. They said that they were instructed to handover the money to an unidentified person at Koramangala. The person was supposed come in an Innova SUV and collect the bags. The four were promised 25 per cent commission to handover the money. Jain and Mahesh are still at large.  

“We are verifying call records of the arrested persons and three mobile phones have been seized along with the demonetised currency. Further interrogation is on to ascertain whether they were involved in similar cases in and around the city,” the police officer said.

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