Bengaluru: The Sriramapura police registered a case against former councilor V Nagaraj alias Bomb Naga based on a complaint by a businessman.

The complaint was filed by one Arun, a businessman from Nagarbhavi. The police said that in the complaint, Arun alleged that on January 5, 2017, Nagaraj and his sons Shastri and Gandhi assaulted him and snatched demonetised notes worth Rs. 5 crore he had taken for exchange.

According to Arun, he was introduced to Nagaraj by his friend Selvam. During the course of the conversation, Nagaraj told Arun that his commission for note exchange was 25 per cent. Subsequently, Arun claimed he collected Rs. 5 crore from his friends and realtors and went to Nagaraj’s house on January 7. An argument broke out over the commission, and Arun was assaulted and his money taken away.

A senior police officer confirmed that a case had been registered and investigation is on. The police are contemplating filing a complaint against Nagaraj on Monday for making derogatory statements against Police Inspector Srinivas of Hennur police station.