Thane: Shanti Nagar police officers detained two men who were in possession of Rs 1 crore in demonetised notes of Rs 1,000 and Rs 500 notes.
Reports say that Jalgaon resident Gopal Varude (42) and Kalyan resident Arun Patil (54) had come there to exchange the money. The police found 8,000 scrapped notes of Rs 1,000 and 4000 notes of Rs 500 notes.
Later a NC complaint was registered against them under Sections of the Specified Bank Notes Act, 2017. They were questioned and released. RBI and the IT department have been alerted about the seized notes.