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Mumbai cops seize Rs 85 lakh cash in Matunga raid

<p>The police acted on a tip-off that old denominations were being exchanged for a 15% commission</p>

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Barely a month after the old notes were demonetised to tackle corruption, it seems to have found its groove again. Based on a tip-off, the Mumbai crime branch unit 5 on Friday seized Rs 85 lakh from Hindu Colony, Matunga and detained seven people.

Following the tip-off about the presence of a large number of new notes in the area, the crime branch laid a trap and managed to seized Rs 72 lakh in the new Rs 2,000 notes, and Rs 13 lakh in Rs 100 notes, along with a Toyota Innova they were using to ferry the money in.

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