aymentron
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Joined: 19 Dec 2016
Posts: 42
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 Posted: Mon Dec 19, 2016 11:31 pm Post subject: currency exchange |
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Another racket involving the currency exchange of old currency notes with the new ones has been busted- this time in Visakhapatnam. The Andhra Pradesh police arrested ten employees of a private company. The arrested persons are the employees of Security Management Services (SSMS) and were responsible for loading cash into the ATMs of various banks in the city of Visakhapatnam. According to the Visakhapatnam police, the accused stole the new currency, particularly the new Rs 2000 notes, from the ATMs and exchanged them for the old notes. The accused used to get a commission to exchange the old notes. A similar gang was busted in Vijaywada on Thursday. ALSO READ | Andhra Pradesh: Rs 500, Rs 1,000 notes amounting to Rs 24 lakh seized in Eluru This gang have stolen a total of Rs 74 lakhs of new currency since the announcement of demonetisation by the Modi government and have exchanged Rs 39 lakhs until now. 18437
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