New Delhi, Dec 11 (PTI) Four men were arrested in Delhi’s Ashok Vihar for allegedly attempting to circulate invalid demonetised currency worth more than Rs 3.59 crore by falsely claiming it could be exchanged at the Reserve Bank of India (RBI), police said on Thursday.

Based on a tip-off received on Wednesday, police laid a trap near Shalimar Bagh Metro Station Gate Number-4 and arrested the accused, Harsh (22) and Tek Chand Thakur (39) of Rohini, Lakshya (28) of Brij Puri, and Vipin Kumar (38) of Feroz Shah Road.

Two cars used in the operation were also impounded from them, they said.

Demonetised currency notes with a face value of Rs 3,59,08,000, all in Rs 500 and Rs 1,000 denominations, were seized from their possession. A case has been registered under relevant Bharatiya Nyaya Sanhita (BNS) sections and the Specified Bank Notes (Cessation of Liabilities) Act, 2017, a senior police officer said.

During interrogation, the accused told police that they offered demonetised notes at a fraction of their value, claiming they could be exchanged at the RBI using Aadhaar, the officer said.

All four confessed they were motivated by the prospect of “quick and illegal money” and admitted they were aware that possessing and circulating demonetised notes was unlawful, he said.

According to investigators, the accused said they were acting on instructions from two men, Ashish and Tarun, who allegedly approached them months ago and promised hefty commissions for helping to move the invalid currency.

They also said that the four were assured that the notes could be converted through undisclosed channels and that they would be paid for facilitating the circulation.

The accused cited personal financial pressures for their involvement, from household expenses and loan repayments to upcoming marriage costs, police added.

Further investigation is underway to identify others involved in the network and establish the source of the demonetised notes, the officer said. PTI SSJ SSJ OZ OZ

Demonetised currency worth Rs 3.59 crore seized; suspects alleged to have falsely claimed RBI exchange via Aadhaar. Four individuals were arrested with demonetised currency worth Rs 3.59 crore, purportedly offered at a discount with false claims of RBI exchange via Aadhaar; two vehicles and the notes were seized and cases registered under the Bharatiya Nyaya Sanhita and the Specified Bank Notes (Cessation of Liabilities) Act, 2017. The accused confessed awareness of illegality, cited recruitment by intermediaries promised commissions, and investigators are probing the network and source of the notes.