BHOPAL: Five men, including a property broker were arrested during a routine check late Thursday with defunct Rs 500 notes totalling up to Rs 70.50 lakh in Pandrinath area of Indore.
The five men, including property broker Arvind, were arrested while boarding two auto- rickshaw’s near Machchi Bazar locality late on Thursday night.
According to city superintendent (SP) (Sarrafa) Gurkaran Singh, checking the two auto-rickshaws led police to the defunct notes. The other arrested men are Raju, Vakil, Mukesh and Mahesh Sharma.
The men revealed during interrogation that they had come to Indore from Ujjain on Thursday night with the demonetised currency notes in a car.
On reaching Indore, they parked the car at a desolate place before boarding two auto-rickshaws from Palasia square.
The city superintendent said the men are now being questioned about the source of the defunct currency and where they were being taken for conversion into new currency notes.