The Enforcement Directorate (ED) has captured seven charged agents and seized Rs 93 lakh in new cash in Karnataka, uncovering a racket required in unlawful change of demonetised notes.
Authorities said the organization put the seven, including the relative of an administration official, in custody late on Monday under arrangements of the Prevention of Money Laundering Act (PMLA).
Rs 93 lakh in new notes of Rs 2000 have been seized for the situation, they included.
Authorities said the move was made as a component of a test for a situation where the Income Tax office had as of late seized Rs 5.7 crore trade out new coin and the Enforcement Directorate had booked a tax evasion body of evidence against an administration architect and others in view of a CBI FIR for the situation.
The usual way of doing things received by the asserted agents, authorities said, was uncovered after ED authorities propelled an extraordinary operation and themselves acted like "clients" hoping to get old coin changed unlawfully, in the wake of paying commission to the said go betweens.
Authorities said the test by the office found that these affirmed agents were supposedly charging a commission between 15-35 for every penny and were executing the racket of unlawful change of new notes in claimed intrigue with bank authorities.
They said the organization presumes that there is a chain of agents required in changing over dark assets into white even as they included that the test in proceeding.
The blamed are relied upon to be delivered in a neighborhood court in Bengaluru for further care.