For those trading in change of demonetised Rs 500 and Rs 1,000 currency notes on a commission, there could not have been a better time to make a killing. And like in some parts of country, illegal trade and trade-off is thriving in Bhopal for more than 10 days.
Going by the claims of commission agents, junked currency worth of Rs 35 crore is getting exchanged every day in the city. And, even five major seizures in the capital and resultant troubles for those caught with the cash stash failed to deter others making quick this way. A gang dealing in illegal stash was busted by crime branch on November 24.
Caught carrying cash in bulk both in city and on outskirts, they could neither explain its source nor produce documents and purpose to carry it. Brokers, working in connivance with businessman and bankers , offer varying commission rates to exchange banned notes. Perhaps, waking up to murky big buck deals, police have now decided to tighten screws on those involved in unlawful activity. SSP Raman Singh Sikarwar says vehicle checking has been stepped up in the city to check unlawful trade or exchange of old currency.
"I would like to appeal to people to inform police in case they come across any unlawful exchange of currency notes. Specific inputs led to seizure of cash in the past few days," he said. Police said the focus is on checking trade of old currency notes from new ones and the sale of gold by jewellers at escalated price against old currency notes is to be checked by the income tax department.
Demand for jewellers, bankers, big grain merchants, petrol pumps, real estate agents and liquor traders have gone up after demonetisation. Some CAs are also playing a key role in getting old currency notes exchanged for their clients.

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