New Delhi, Dec 11 || Delhi Police have busted a major racket involving demonetised currency and arrested four men who were allegedly circulating old Rs 500 and Rs 1,000 notes by falsely claiming they could be exchanged at the Reserve Bank of India, officials said on Thursday.
The operation, led by the team of Police Post WPIA under Ashok Vihar police station, resulted in the recovery of demonetised notes with a face value of Rs 3.59 crore and the seizure of two vehicles used in the crime.
The arrests were made on December 10 following a tip-off received by Sub Inspector Rohit Chahar. A raiding team comprising SI Mohit Yadav, Head Constable Dravesh, HC Pawan, HC Manoj and HC Ashwani apprehended the suspects near Shalimar Bagh Metro Station Gate No. 4.
The accused were identified as Harsh (22), Tek Chand Thakur alias Vinod (39), Lakshya (28) and Vipin Kumar (38), all residents of Delhi.