KOCHI: In a late night operation, the Shadow police seized demonetised currency worth Rs 2.30 crore and arrested five persons in this connection. Those arrested are Abdul Jaleel, 55 of Manalil Parambil, Muvattupuzha; Ram T Prabhakar, 41, Flat no 41, Vedapuri Gardens, Statue Junction, Tripunithura; John George, 51, Panjikal House, Malapparamba, Kozhikode; Sathyan K, 54, Puttekara House, Mudoor, Thrissur and Jayan, V, 40, Alangattu house, Irinjalakkuda, Thrissur.
Officers said one of the accused had approached a few persons at Kundannoor for exchanging demonetised currency notes. Under the cover of buyers, the Shadow police team accosted him. After taking him into custody, the police accompanied him to Muvattupuzha from where the remaining accused were arrested.
The Panangad police registered a case and an inquiry is on. Police suspect the possible involvement of a few more persons in the racket, with the gang’s possible links to hawala operators also under the scanner.