Demonetisation impact: Man arrested in Jharkhand for stashing Maoist cash in bank

A man was arrested for trying to deposit Rs 25 lakh cash belonging to a Maoist guerilla in a bank, police said on Friday.

Published: 11th November 2016 01:07 PM  |   Last Updated: 11th November 2016 01:07 PM   |  A+A-

MAOISTS

Image used for representational purpose only

By IANS

RANCHI: A man was arrested for trying to deposit Rs 25 lakh cash belonging to a Maoist guerilla in a bank, police said on Friday.

Nand Kishore, a petrol pump owner from Bero situated on the outskirts of Ranchi, was arrested late Thursday. He was carrying the money to deposit it in a bank. 

Police intercepted Kishore while he was on his way to the bank. During interrogation, he admitted that the money belonged to banned Maoist organisation People's Liberation Front of India's (PLFI) supremo Dinesh Gope. Kishore was to deposit the money in his account in the name of petrol and diesel sale.

After Rs 500 and Rs 1,000 notes were demonetised on November 8, Maoist guerrillas have been using their contacts to deposit the money.

"We are keeping watch on such transactions. Our networks have been activated to keep close watch on such transactions," Jharkhand police spokesperson M.S. Bhatia told IANS.
 

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