Rajkot: Two people were arrested today with fake currency in the denominations of newly introduced Rs 2,000 and Rs 500, having a face value of 26.10 lakhs, police said.
"Acting on a tip-off, the city crime branch investigators intercepted a car at Hanuman Madhi area and arrested two people with fake currency notes of Rs 2,000 with face value of Rs 26 lakh, and of Rs 500 with face value of Rs 10,000" Rajkot Commissioner of Police Anupam Singh Gehlot told the media in Rajkot.
The arrested people were identified as Hruday Jagani and Lakshman Chauhan, both hailing from Ahmedabad, he said. The notes were kept inside the speaker box of the car in which they were travelling, Mr Gehlot said.
The cover of notes' bundles bore the tag and seal of a public sector bank to make them look like original, he said.
"The mastermind was identified as one Jignesh Shah, who is a land broker in Ahmedabad. Jignesh would find customers looking to exchange their old currency notes, and would order printing of notes after he struck a deal with his customers," the senior police officer said.
He said the accused might have supplied several such notes since notes ban came into effect on November 9.
"Another modus operandi was to hide blank notes below the Rs 2,000 lookalike duplicate notes," he said.
"Acting on a tip-off, the city crime branch investigators intercepted a car at Hanuman Madhi area and arrested two people with fake currency notes of Rs 2,000 with face value of Rs 26 lakh, and of Rs 500 with face value of Rs 10,000" Rajkot Commissioner of Police Anupam Singh Gehlot told the media in Rajkot.
The arrested people were identified as Hruday Jagani and Lakshman Chauhan, both hailing from Ahmedabad, he said. The notes were kept inside the speaker box of the car in which they were travelling, Mr Gehlot said.
The cover of notes' bundles bore the tag and seal of a public sector bank to make them look like original, he said.
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"The mastermind was identified as one Jignesh Shah, who is a land broker in Ahmedabad. Jignesh would find customers looking to exchange their old currency notes, and would order printing of notes after he struck a deal with his customers," the senior police officer said.
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He said the accused might have supplied several such notes since notes ban came into effect on November 9.
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"Another modus operandi was to hide blank notes below the Rs 2,000 lookalike duplicate notes," he said.
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