Gandhinagar: Vadodara Police on Friday evening seized demonetized Indian currency notes from four persons, who were carrying it in their car’s trunk. The notes were in the denominations of Rs 1000 and Rs 500, which were scrapped on November 8, 2016. The old notes were said to be of the face value of about Rs 1 crore.

The cops were acting on a tip-off they had received about a person, Kirit Gandhi, who was getting old notes exchanged. They kept a watch on his activities and nabbed him and three other men, identified as Karsan Parmar, Rajendra Ranjitsinh Raj, and Manoj Alag Chauhan, with the currency notes. The men had brought the old notes to Gandhi to be exchanged.

The four accused were interrogated by the police, during which the name of a certain Raju was revealed by them, who is said to be another accomplice of theirs. While Kirit Gandhi is said to be a garage mechanic in Vadodara, the other three are from Bharuch. The arrested men have been booked under Specified Bank Notes (Cessation of Liabilities) Act, 2017 and have been handed over to the Special Operations Group (SOG) for further inquiry.