Delhi , Dec 11 : Delhi Police have recovered demonetised ₹500 and ₹1,000 notes worth more than ₹3.5 crore and arrested four men accused of running an illegal currency exchange racket. The raid was conducted near Shalimar Bagh Metro Station Gate No. 4 after police received a tip-off.
The accused have been identified as Harsh (22), Tek Chand Thakur (39), Lakshya (28) and Vipin Kumar (38). Police also seized two vehicles used by the group. During questioning, the men admitted they were exchanging the banned notes at a fraction of their value by falsely claiming they could get them replaced at the RBI.
Officials said the four had no valid documents to justify possession of the scrapped notes, making it a clear case of cheating, conspiracy and violation of the Specified Bank Notes Act. A case has been registered and the investigation is in progress.
In a separate action, the Delhi Police DIU raided an illegal factory in Alipur that was allegedly producing fake Castrol engine oil. The team, assisted by Castrol India officials, seized 239 litres of ready-to-supply infringing oil, 304 empty bottles, 3,000 barcode stickers, 706 bottle caps, over 11,000 MRP stickers and machinery used in the manufacturing process.
