NOIDA: UP Anti-Terrorist Squad (ATS) and Income Tax department conducted a joint raid and arrested three persons with Rs 18 lakh new currency notes from Noida Sector 57 on Saturday evening. The accused Mahendra Kumar and Praveen Kumar are natives of Hisar and Vinay Kumar from Jind in Haryana. The police have also seized a Toyota Corolla from their possession which they used for the crime.Anoop Singh, deputy superintendent of Police ATS (Western UP) said that police received information that some people were carrying huge amount of counterfeit currency in Bhishanpura village in Sector 57 in the evening. “We sent a team of police personnel and also alerted the income tax department. We jointly conducted the raid and arrested the three accused from spot,” he said. Police said the accused were arrested from near Indusind Bank.Later the police found Rs 18 lakh of new currency notes in denominations of Rs 2000 notes. There was no counterfeit currency with the accused. The police also found some notes of Rs 1000 which are now not valid tenders.“We stopped the white Corolla and frisked the vehicle. We found the cash bag and questioned the three persons. They were giving dubious answers and could not give satisfactory answers of the seized money upon which they were arrested,” Singh said.Primary investigations show the accused deal in construction business in Haryana. Sources said that they were looking for a client to deliver the new notes and collect old ones on commission basis. Police are trying to ascertain other persons involved in the fraudulent activities.Police said the accused will be put through interrogation to get more details. The income tax department is also questioning the accused about the source of money as it seems a case of money laundering.