The Delhi Police's Economic Offences Wing has arrested a man accused of misappropriating black money amounting to Rs 9 crore by opening bank accounts on fake and forged documents during demonetisation in 2016.

The complainant, an Income Tax officer, had alleged that during the period from November 9 to December 30, 2016, a large amount of cash (approx Rs 9 crore) was deposited in different bank accounts. On enquiry from the banks concerned, it emerged that the account holders were all carrying out their business activities from the same premises in Vishwas Nagar, in Delhi's Shahdara area.