ALSO READPunjab National Bank third-quarter net profit surges; bad loans stable Punjab National Bank Q3 net profit surges; bad loans stable Punjab National Bank reports standalone net profit of Rs 261.90 crore in the March 2017 quarter Punjab National Bank drops after reducing MCLR Punjab National Bank posts fourth-quarter profit as bad loans ease
The Shimla Police today arrested two persons hailing from Ferozpur in Punjab and seized fake currency notes worth Rs 1.4 lakh from their possession. The accused allegedly tried to circulate the fake notes in a Dhaba near Shoghi, 15-km from here but the Dhaba owner got suspicious and informed the police. The police laid a naka at Shoghi barrier and intercepted Daulat Ram and Harnek, hailing from Ferozpur in Punjab, and upon search currency notes worth Rs 1.4 lakh in the Rs 2,000 denomination were recovered from them. After initial investigation, the police contacted the bank officials who found the notes fake and both of them were arrested. Confirming recovery of the fake notes, Additional SP, Arjit Sen said the accused had come to Shimla in a car yesterday to circulate fake notes and were on their way back when the police nabbed them. The police have registered a case and investigations are on, he said.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)