Two individuals have been arrested in Bijapur in Chhattisgarh with Rs 6 lakh in Rs 2000 notes allegedly belonging to a Naxalite commander, information company PTI reported citing a police official on Friday (Might 26). The Reserve Financial institution of India (RBI) just lately introduced the withdrawal of Rs 2000 notes from circulation, asking individuals to deposit or trade them till September 30.
Gajendra Madvi and Laxman Kunjam, each Basaguda residents, have been apprehended on Thursday from Mahadev Ghat by a joint staff of district reserve guard and native police, in response to Bijapur Superintendent of Police Anjneya Varshney.
“They have been nabbed whereas fleeing after recognizing a police cell checkpoint. Three bundles of Rs 2000 notes totaling Rs 2 lakh, 11 passbooks from varied banks, and Naxalite pamphlets have been seized from them,” he stated.
“In keeping with Madvi, Naxalite commander Mallesh gave him Rs 8 lakh in Rs 2000 notes to deposit in varied banks. Kunjam deposited Rs 50,000 in Punjab Nationwide Financial institution and Rs 48,000 in Union Financial institution accounts. In Madvi’s accounts, Rs 38,000 was deposited in SBI and Rs 50,000 in Central Financial institution,” the SP stated.
The duo was on their method to Rekhapali village to deposit Rs 6 lakh after they have been apprehended, in response to Varshney, who added that they’ve been charged below the Chhattisgarh Public Safety Act.
The RBI knowledgeable the Delhi Excessive Court docket earlier within the day that the withdrawal of Rs 2000 denomination banknotes from circulation was a “forex administration train” and a matter of financial coverage. The matter was scheduled for listening to on Might 29 in a public curiosity litigation difficult the RBI’s determination to withdraw the banknote from circulation.
The RBI requested a bench led by Chief Justice Satish Chandra Sharma to postpone listening to on the petition as a result of the court docket has reserved its determination on one other PIL regarding the withdrawal notification. “The matter shall be listed on Monday Give a small be aware as properly,” the bench, which included Justice Subramonium Prasad, instructed the events.