Sadar Police Bust Racket Exchanging Demonetised Rs 2,000 Notes in Nagpur
Nagpur, India: The Sadar police on Saturday arrested four individuals for operating a racket to replace demonetised Rs 2,000 currency notes. The accused were using poor women to exchange the notes at the Reserve Bank of India (RBI) by submitting their Aadhaar details.
The accused were identified as Nandalal Govardhan Maurya (35), a peanut vendor from Sitabuldi; Rohit Nageshwar Bawne (34), from Prem Nagar, Zenda Chowk; Kishore Ramesh Bahoriya (30), a resident of Sant Gajanan Nagar; and Anil Babulal Jain (56), from Jabalpur, Madhya Pradesh.
The racket, allegedly operating for months, was masterminded by Maurya, who ran a shop near Vidhan Bhavan. Jain is said to have collected demonetised Rs 2,000 notes from various sources within the country and Maurya to replace them. Jain offered Maurya Rs 200 for every 10 demonetised notes converted into valid Rs 500 notes.
Initially, Maurya himself exchanged 10 Rs 2,000 notes at the RBI, learning the process before enlisting poor men and women in the operation. These individuals were paid a daily commission of Rs 300 for their participation.
Based on a tip-off, the Sadar police raided the racket on Saturday, arresting the accused and seizing Rs 60,000 from Maurya, Rs 62,500 from Bawne, and Rs 80,000 from Bahoriya. The recovered amounts included Rs 500 notes and a few demonetised Rs 2,000 notes.
During interrogation, the accused revealed that Jain was the key person behind the operation, holding a significant amount of demonetised currency.
The arrests were led by Senior PI Manish Thakre, API Nitin Vitole, PSI Nilesh Ghogare, and other team members, including Milind Bhagat, Satish Gohatre, Amol Daundalkar, Ashish Bahal, Sachin Kawale, Pankaj Tiwari, and Balaji Gutte. The police are continuing investigations to uncover further details about the racket and its network.
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