Police unearth inter-state demonetised currency racket

The Govindapura police lately unearthed a demonetised a currency racket and arrested a gang of 5 red-handed whereas they have been ready for his or her shoppers handy over the consignment of currency notes.

The accused have been recognized as Sureshkumar, 32, a material service provider from Ok.R. Puram, Ramakrishna, 32, additionally a material service provider from Rajajinagar, Manjunath, 43, a farmer from Anekal, Venkatesh, 53, a BBMP sub-contractor from Hongasandra, Bengaluru and Dayanand, 45, a farmer from Hongasandra, Bengaluru. The police seized a complete of ₹80 lakh price demonetised ₹500 and ₹1,000 currency notes from them.

Based on a tip-off, a police staff raided a spot close to a petroleum pump station in HRBR Layout and arrested the accused who have been ready for the client handy over the backpack full of the demonetised notes.

Based on their info, the police raided a farmhouse in Kasargod and seized faux currency price ₹5 crore which was printed and stuffed in 24 sacks able to be dispatched. The accused had packed clean papers underneath the faux notice bundles to deceive clients. There are many others concerned within the racket and a particular staff has been shaped to trace down the accused, S.D. Sharanappa, DCP, East Division, stated.

The accused have been booked underneath varied sections of The Specified Bank Notes (Cessation of Liabilities) Act, 2017, and investigations are on to establish the supply of the demonetised notes which have been printed and circulated.

Special Correspondent , 2021-10-27 02:38:31

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