Beware! Rs. 500 fake notes are in market now

rs-500Ahmedabad, Dec 14, 2016 (PTI) In two separate incidents, police have arrested three persons in Surat and Kutch with 219 fake currency notes having a total face value of Rs 1,09,500.

In Surat, police nabbed a person with fake currency notes of scrapped Rs 500 tender, having face value of Rs 50,000 during routine check at Surat Railway station today morning.

Railway police have found 100 fake notes of Rs 500 denomination from one Burhanuddin Sajjad(45), a resident of Mumbai.

Sajjad came under suspicion of Railway Protection Force (RPF) jawans when he was loitering on platform No-1 of Surat railway station after arriving there from Mumbai, said Police Sub Inspector with Government Railway Police(GRP), Surat, M R Malek.

“After his arrival at Surat railway station, Sajjads movements raised suspicion among RPF. When RPF jawans checked, these notes turned out to be the copies of old Rs 500 note. We have arrested Sajjad after he was handed over to us,” said Malek. Further investigations are on to find out the source of the notes.

Meanwhile, Kutch police nabbed two persons with 119 fake currency notes of the new Rs 500 bill, which they had allegedly printed at their office in Madhapar village on the outskirts of Bhuj town and intended to circulate in the market.

Based on a tip off, Local Crime Branch (LCB) raided the office of a Company at Madhapar late last night and unravelled a racket of printing fake currency notes of new legal tender of Rs 500, said a release by Kutch-West LCB.

While searching the office, police found 119 fake notes of Rs 500 having total face value of Rs 59,500.

Investigation by the police revealed that the duo had printed these notes using a colour printer at their office and wanted to circulate these notes, the release said

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