Demonetized currency Seized in Hyderabad

Hyderabad, March 23: Hyderabad Task Force police arrested 4 persons and seized 48.66 lakh demonetised Indian currency here in amberpet on Thursday.

Police arrested M Krishna Chaitanya Kumar Reddy, a realtor from Kukatpally, S Suresh Babu, a businessman from Kadapa district, M Jagadish, a realtor from Ramantapur, and M Venkateshwarlu, a car driver from B N Reddy Nagar, in Vanasthalipuram near Amberpet post office on Thursday morning.

On interrogation, Krishna Chaitanya confessed that his friend Subba Reddy, a businessman from Kadapa district, had requested him to exchange 48.66 lakh demonetised notes with new notes for 60% commission.