Delhi Police's Crime Branch raided near Shalimar Bagh Metro Station and recovered demonetized 500 and 1000 rupee notes worth over 3.5 crore. Four suspects were arrested for scamming people by buying old notes cheaply under false pretenses.
On December 11, 2025, Delhi Police's Crime Branch achieved a major success. Acting on a tip-off, a team conducted a raid near Gate No. 4 of Shalimar Bagh Metro Station. They recovered demonetized 500 and 1000 rupee notes from the 2016 note ban, valued at over 3.5 crore rupees, which are no longer legal tender.
Four individuals were arrested at the scene, identified as Harsh, Tek Chand, Lakshya, and Vipin Kumar. The suspects were buying the old notes at low prices by falsely claiming they could be exchanged at the RBI. During interrogation, they admitted to defrauding people, knowing that possessing or transacting such notes after demonetization is a crime.
Police also seized two vehicles used in the illegal trade. A case was registered under the Specified Bank Notes Act for fraud, criminal conspiracy, and violations of demonetization laws. The investigation continues to determine if there are more accomplices and how such a large quantity of notes was obtained.
This operation highlights the persistence of gangs dealing in old notes even nine years after demonetization. Authorities indicated they will intensify actions against the remaining network.