₹93 L in new notes seized from B'luru note conversion racket
The Enforcement Directorate (ED) has busted a Bengaluru racket involved in the illegal conversion of demonetised notes and seized ₹93 lakh in new notes. The ED officials posed as customers looking to get old currency changed illegally and arrested seven alleged middlemen. The middlemen were reportedly charging 15-35% commission to convert money in alleged connivance with bank officials.