Police seized currency of rupees two crore in demonetised notes from a car in Kherwadi in Bandra and have arrested four people in this connection.
Acting on a tip-off, the police stopped a car, and while checking seized old notes amounting to Rs 2 crore. The seized notes were in denominations of 500 and 100, Zone 8, Deputy Commissioner Virendra Mishra said.
The four persons, all employees of a private finance company in suburban Andheri, were arrested following the seizure, the DCP said.
The four wanted to exchange the old currency notes with new ones, Mishra said.
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