Ch. Umamaheswara Sarma, DCP Malkajgiri, said that Kareem and his friends collected the banned currency to exchange them with new currency.
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Hyderabad: The Rachakonda police on Friday nabbed a five-member gang and seized Rs 99 lakh in demonetised currency from them. The police said that the suspect gathered the banned currency by offering a 20 per cent commission.
The suspects include a civil contractor. They were identified as B. Tirupathi, 35, Mohammed Rizwan-ul-Hussain, 36, Mohammed Kareem, 48, Mohammed Siddiq, 48 and Nazeer Ahmed Khan, 49, while one of the suspects is still at large.
Ch. Umamaheswara Sarma, DCP Malkajgiri, said that Kareem and his friends collected the banned currency to exchange them with new currency.
( Source : Deccan Chronicle. )
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