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India: Police detain three men with Rs 64 lakh in new notes

Of the Rs 64 lakh, Rs 58 lakh were in the new Rs 2,000 banknotes. (Representative image) Photograph:( AFP )

Jaipur, Rajasthan, India Dec 12, 2016, 03.29 PM (IST)

Police have seized Rs 64 lakh (roughly $95,000) in new currency notes from three men in India's northern city of Jaipur on Monday.

The apprehended men were swapping old banknotes for new ones, investigators said.

The police have detained Deepak Bhardiya, Sandeep and Ayush. Deepak is said to be an industrialist while Sandeep runs a dairy in the city, Indian newspaper The Times of India said.

"The primary investigation has revealed that the trio was planning to exchange the notes at the commission of 15 per cent," police officer Bhopal Singh said.