India, Jan. 25 -- A Special Investigation Team (SIT) probing the Rs.400 crore demonetised cash heist at Chorla Ghat on Wednesday arrested five suspects, including an alleged hawala operator, marking a major development in the high-profile interstate case.

The Nashik rural police acted on a complaint by Sandeep Patil, who alleged he was kidnapped and threatened after learning details of the incident. Five persons, Jayesh Kadam, Vishal Naidu, Sunil Dhumal, Virat Gandhi and Janardan Dhaygude, all from Mumbai, have been taken into custody in connection with the alleged looting and extortion.

Nashik Rural SP, Balasaheb Patil said, "The investigation is ongoing and arrests have been made based on credible leads. We are coordinating with other...