₹47 Lakh Worth of Banned Currency Notes Seized in Madhya Pradesh

₹47 Lakh Worth of Banned Currency Notes Seized in Madhya Pradesh

Extensive Statewide Searches Ahead of Upcoming Assembly Polls

25 October 2023 Gwalior ( Madhya Pradesh)

Gwalior police apprehended an individual with ₹47 lakhs in banned currency notes of ₹500 and ₹1,000 in the district, according to a police spokesperson on Monday. The confiscated amount included 12 bundles of banned ₹500 notes and 41 bundles of banned ₹1,000 notes, which were demonetized on November 8, 2016.

In preparation for the state assembly elections scheduled for the following month, extensive search operations are being conducted throughout the state. On Monday, during a search operation in Gwalior district, the individual, who was traveling from Morena district, was intercepted. Senior Superintendent of Police (SSP, Gwalior) Rajesh Singh Chandel informed news agency ANI, “The accused was coming from Morena and he was apprehended during a check in the district. The police team discovered ₹1,000 and ₹500 banned notes in the possession of the accused, totaling ₹47 lakhs.”

The accused has been taken into custody and is undergoing interrogation. During preliminary questioning, the accused mentioned that someone had asked him to exchange the notes. The officer stated that a comprehensive investigation is underway to determine the origin and destination of the currency. He further noted that the police team is conducting continuous and intensive operations in the district in anticipation of the upcoming state assembly polls.

Madhya Pradesh is set to hold assembly polls on November 17, where legislators will be elected from 230 Assembly constituencies. The election will be conducted in a single phase, with the vote count scheduled for December 3.

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