Fake notes of new currency Rs 2,000, Rs 500 worth Rs 26.10 lakh seized in Rajkot

Fake notes of new currency Rs 2,000, Rs 500 worth Rs 26.10 lakh seized in Rajkot :- On Sunday, Gujarat Police arrested two person with fake currency in the denominations of newly introduced Rs 2,000 and Rs 500 notes, having a face value of Rs 26,10,000.

Anupam singh Gehlot who the Rajkot Commissioner of Police, told media that on the information, the city crime branch sleuths intercepted a car at Hanuman Madhi area and arrested two persons 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.

The commissioner said that the arrested persons were identified as Hruday Jagani and Lakshman Chauhan, both are hailing from Ahmedabad.

Commissioner Gehl0t said that fake notes of new currency were kept inside the speaker box of the car in which they were travelling.

Gehlot also said that a high quality colour printing machine was also seized from their possession which was used to print the currency notes. The cover of notes’ bundles bore the tag and seal of a public sector bank to make them look like original.

Gehlot further said that Hruday used to work as a printer and has a sound technical know – how of printing and cutting notes with perfection so that they look like original.

A senior officer said that Jignesh who is the mastermind 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. A search is on to nab Shah.

Police Commissioner Gehlot said that they would bring such notes into circulation in different ways. They hide duplicate notes in the bundle of original notes so that it was supplied easily, and would earn around Rs 15,000-20,000 on supply of Rs 2 lakh.

Police Commissioner Gehlot said that after the demonetisation, around Rs 2 crore worth of old notes and Rs 70 lakh of new notes were seized from Rajkot alone.