Mumbai: In Aurangabad district of Maharashtra, the police have seized old notes of about 1 crore rupees of 500 and 1000 rupees. In this case, 3 youths have also been arrested. According to the FIR lodged with the police, these old and discontinued notes were being brought from Pune to Aurangabad. According to the police, the young men involved in this illegal business say that they were going to get 20 lakh rupees for this work.

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It is worth mentioning that on 8 November 2016, Prime Minister Narendra Modi took an unexpected decision and announced the ban on demonetisation, due to which the 500 and 1000 rupee notes were out of circulation. Addressing the people of the country, PM Modi said in his address that, 'To curb corruption and black money, we have decided to discontinue 500 and 1000 rupee notes. These notes will not remain legal tender from midnight (November 8, 2016).

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Suddenly, due to the ban of 500 and 1000 rupee notes, people had a lot of problems and people had to wait outside the banks in long queues. However, the government started printing new notes as soon as possible to avoid problems for the people and started printing new 500 and 2000 notes.

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