Police seize demonetised notes from real estate dealer

The police raided the flat of a real-estate dealer and seized Rs 500 and Rs 1,000 demonetised notes worth Rs 1.95 crore.

Sayed Sameer managed to escape during the raid at his flat in the Golden Palm apartment complex in Kothanur late on Friday night, while the police arrested two of his associates -   Jayakumar (32) from Marathahalli and Shashi (26) from Hosakote in Bengaluru rural district. The statement of the arrested men revealed that a businessman asked them for demonetised notes, which he was prepared to buy, police said.

The two men then joined hands with Sameer to collect the notes from friends and relatives, and stashed the abolished money in Sameer's
flat.

DCP (North East) S Girish said a special team has been formed to nab Sameer, the businessman who asked for the demonetised notes and the middlemen.