8 Held For Robbing Businessman Of Rs 58 Lakh In New Notes 

Hyderabad: Police have apprehended eight members of a gang that allegedly robbed Rs 58 lakh in new notes from a businessman who had struck a deal to exchange their scrapped banknotes.

On coming to know that the businessman has lakhs of rupees in new currency notes, the gang allegedly entered into a deal with him to exchange old notes for 25 per cent commission, police said in a release.

Accordingly, the businessman brought Rs 58 lakh in Rs 2,000 and Rs 100 denomination at 2.30 AM on the intervening night of December 4-5 near GHMC playground. The gang members then thrashed the businessman and fled with bags containing the cash, it said.

Acting on a complaint by the victim, police lodged a case of dacoity and formed special teams which nabbed the eight members of the gang last night. One person is absconding.

After completion of investigation into the dacoity case, police would focus on the money acquired by the victim's uncle in Rs 2,000 notes in high quantity. The uncle allegedly had handed over the money to the complainant, it said. Police would also check whether the businessman used his workers for exchanging scrapped notes in the bank.

The I-T Department would be intimated about the new currency notes of Rs 2,000 acquired in huge quantity by the complainant and his uncle, the release said.

PTI