Published On : Fri, Sep 15th, 2017

Accused arrested on charges of holding old currency notes, granted bail

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Four held on charges of holding old currency notes in August this year have been granted bail by the District Court.

It is to be recalled that in a raid conducted by police in an apartment situated in Mankapur, four people were arrested with old currency notes worth 97 lakh rupees. The accused have, however, been granted a bail on Friday by judge Vibha Ingle.

Prasanna Pardhi, a builder and beer bar owner, had been arrested from the place whereas another identified as Kumar Chhugani had earlier sneaked away.

Kumar Chugani was acting as middle-man to exchange the currency notes. After demonetisation, Chugani, who is into cloth business and has a shop in Sadar area, floated the business of exchanging notes since last six months.He was exchanging the notes by charging as much as 75% commission.

Pardhi (40), a resident of New Ramdaspeth, along with three others including one Kumar Chugani (44), a resident of Khare town, a Doctor from Wardha and one unidentified person were present in the Flat No. 301 of Rana Apartment near Wox Cooler factory shop in Mankapur area when the raid was conducted.