hyderabad three persons who were allegedly involved in an attempt to exchange demonetised notes worth 12 crore were arrested by task force sleuths near gvk one on thursdaytask force sleuths said that saleem tamimi a karate coach l subba reddy a real estate broker and mohammed alim who owns a tent house business were arrestedsaleem who is a native of manchiryal came to know that some of his relatives were still in possession of demonetised notes and looking to exchange them with new currency notessaleem agreed to exchange the demonitised notes for commission and took 12 crores from his relatives then he contacted his other two friends to help him exchange the notes police said in a press notewhen all the three accused assembled and where discussing in a car near gvk one the police who got a tipoff about this nabbed the accused and seized the old notes they were on the look out for a prospective customer who could exchange the old notessaleem in some of his circles heard that there were people who would exchange the old notes hoping to try his luck he was looking for a way out to exchange the notesragpicker finds rs 16l worth old notesa ragpicker found demonetised currency notes worth rs 16 lakh on thursday at the railway gate vajpayee nagar under the neredmet police station limitschanda gangu bai 58 found demonetised currency notes of 500 and 1000 denomination stuffed in a polythene bag in the early hours of thursday the woman alerted the passersby who informed us said m jagadish chander station house officer of neredmet police stationwe registered a case and launched an investigation we will hand over the currency to the court if we no one comes to claim it said the inspector