Summary:
BENGALURU: In a demonetised currency exchange racket, six persons were arrested on Friday and notes worth Rs 90 lakh in Rs 500 and Rs 1,000 denomination were seized from them. Revathi’s money had been given to Ravindra and when we searched his residence in Dasarahalli near Peenya, we found Rs 90 lakh in demonetised currency.”Based on Ravindra’s information, police arrested Renuka Prasad and Basavaraj. “We sent a team to Chennai to nab Praveen and figure out what he does with demonetised currency,” a police officer said. They said the money was in demonetised notes.Police said, “Revathi confessed she filed a false complaint because Vinod and Rakesh had not exchanged her old notes. All six accused were produced before a magistrate on Saturday and taken into police custody for three days..