Assam: 4 arrested for charging commission in exchanging demonetized notes

Assam: 4 arrested for charging commission in exchanging demonetized notes

GUWAHATI, Dec 10: Even after a month of the demonetisation announcement, the low supply of new currency has allowed opportunists to take advantage of the situation towards their benefit.

In a prized catch, state police on Friday busted a racket at Hatigaon in Guwahati which is charging a commission of 30% to exchange demonetized currency with legal tender.

Four people identified as Iqbal Hussain, Sultan Choudhury, Nitish Jain and Amrit Jain were arrested in this connnection. Brothers Nitish and Amrit are natives of Bharalumukh whereas, Iqbal Hussain and Sultan Choudhury are residents of 6 Mile.

The arrested people are currently being interrogated by the Hatigaon police who are attempting to get to the root of the operation.

(Source: Dy365)

(Featured Image Source: Dy365)

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