BENGALURU: The Bengaluru Police recovered demonetised currency worth Rs. 14.8 crore from the residence of a former city councillor and a history sheeter Mr. V. Nagaraju on Friday. Police searched at his residence and office in connection with an illegal currency exchange racket. The Bengaluru Police were tipped off about the racket after a city-based realtor Umesh complained about his abduction by Nagaraj, who took away demonetised currency worth ₹50 lakh on the pretext of getting it exchanged, Police said. Nagaraj’s activities was watched closely by Police. Cash was stashed at his office and residence, Police said. Huge cache of arms was also recovered from his house by Police. ]]>
