3 held in Ahmedabad with 1,570 fake notes worth Rs 7.85 lakh

May 29, 2023 18:54

Three persons were arrested here with fake Indian currency notes with a total face value of Rs 7.85 lakh that they planned to exchange with the now-withdrawn Rs 2,000 banknotes, the police said on Monday.

Acting on a tip-off, the city crime branch arrested three men with 1,570 fake notes each with a face value of Rs 500, it said.

Two of the accused persons are natives of Puducherry and one is from Tamil Nadu, the crime branch said in a release.

The police are also on the lookout for the mastermind, identified as Vikky Madhukar, who supplied the duplicate banknotes to the arrested accused.

The trio was searching for people who were looking to exchange their Rs 2,000 currency notes after they were withdrawn by the Reserve Bank of India ten days ago.

The police have registered a first information report against the three men under Indian Penal Code sections 489 (counterfeiting) and 120 (B) (criminal conspiracy).

They were identified as Mohan Gavandar, Dinesh Rajput and Raghunath Pillai.

Gavandar, Rajput and absconding Madhukar are history sheeters who were arrested in the past in connection with gambling, extortion and counterfeiting, the crime branch said. -- PTI

« Back to LIVE

TOP STORIES

Copa America: Panama, Uruguay in quarter-finals

Panama beat Bolivia 3-1 on Monday to finish second in Group C and qualify for the Copa America quarter-finals after tournament hosts United States were eliminated following a 1-0 loss to group winners Uruguay.

The World Cup That Cheers

In cricket, we have something that we can share with our families, neighbours and indeed, the whole country. It is colour-blind, language-neutral, truly secular and transcends all regions, from Kashmir to Kerala and Mizoram to...

India set to fly out in next 6 to 12 hours: Barbados PM

Barbados is set to become operational in the next six to 12 hours, ending the shutdown forced by a category 4 hurricane.

Does No One Want To Buy Cars?

Passenger vehicle sales are expected to experience muted growth in the current financial year.

Euro PIX: Portugal shoot-out Slovenia to make last 8

Images from the Euro 2024 Round of 16 match between Portugal and Slovenia, at Frankfurt Arena, Frankfurt, Germany, on Monday.