Orthopaedician caught offering new notes in exchange for demonetized ones
Visakhapatnam: An orthopaedic surgeon and his two aides were arrested in Visakhapatnam for allegedly offering new notes in exchange for demonetised currency on a commission.
Police have seized Rs 47 lakh from Anne Sireesh and his associates M. Surya Prasad Reddy and B. Srinivasa Rao. While Rs 46 lakh was in 2,000-rupee notes, Rs 1 lakh was in 100-rupee notes, the police said.
Assistant commissioner of police Chittibabu said a team raided an apartment following a tip-off and arrested the trio.
The officer said the doctor had offered to give Rs 47 lakh in valid notes in exchange of demonetised currency for a 30 per cent commission. Sireesh had earlier exchanged Rs 40 lakh in old currency, he said.
Chittibabu said the income tax department was probing the matter.
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