Bengaluru: The Bengaluru City Crime Branch police have arrested 14 people, including son-in-law of former Karnataka Legislative Council Chairman Veeranna Mathikatti, on Sunday midnight.
The CCB police have seized Rs 9.10 crore of old currency notes from the arrested persons.
“After receiving a credible information, we have searched a house at Benson Town in Bengaluru central suburb and taken 14 people into custody for trying to exchange old currency notes,’’ H M Mahadevappa, Assistant Commissioner of Police, City Crime Branch, said.
The police have also seized 15 mobiles phones, two two-wheelers and two four-wheelers from the arrested persons.
“We have produced 13 of the 14 arrested persons before the court. The judge remanded them in judicial custody for 14 days. We have taken Edwin Rosario into police custody for further interrogation,’’ Mahadevappa said.
A case has been registered against the arrested persons under Section 420 of Indian Penal Code and 41 B of Criminal Procedure Code (CrPC) and Section 7 the Specified Bank Notes (Cessation of Liabilities) Act, 2017.
On March 23, two men were arrested here with demonetized notes of the face value of Rs 1.28 crore which they were attempting to exchange of new notes.
On March 28 four men were arrested here with demonetized notes of the face value of Rs 4.98 crore.