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Six arrested in Bengaluru with banned, fake notes worth over Rs 2 crore

Mico Layout police have arrested six people, including a lawyer and an engineer, for allegedly trying to exchange scrapped currency notes worth over Rs 2 crore.

Published: 10th June 2017 05:50 AM  |   Last Updated: 10th June 2017 05:50 AM   |  A+A-

By Express News Service

BENGALURU: Mico Layout police have arrested six people, including a lawyer and an engineer, for allegedly trying to exchange scrapped currency notes worth over Rs 2 crore.

The arrested are S Dinesh (30), a resident of BTM Layout, K B Marireddy (60), a resident of Domlur  and a lawyer, Bhanuji (59), an engineer and a native of Chittoor in Andhra Pradesh, R Harish (50), a resident of Yelahanka, Chandrashekar (60) a resident of Tavarekere and Dinesh (40), a resident of Banashankari.
The accused were transporting the notes in two plastic bags in a goods autorickshaw.

In order to evade detection they had also kept a gas cylinder and tender coconuts in other gunny bags. The accused were following the auto on motorcycles on Thursday evening. Based on a tip-off, police zeroed in on the vehicle and arrested the accused.

During investigation, it was revealed that out of the seized currency, notes worth Rs 2.2 crore in demonetised were counterfeit ones.

Police said, “We are yet to ascertain if the accused knew that the cash contained counterfeit notes. The notes were supposed to be delivered to a woman who we are yet to question.”



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