Nagpur: 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.