 "Demonetisation: Man arrested while trying to deposit wads of fake Rs 500 notes")
One person was arrested for trying to deposit fake notes of Rs 500 denomination with a face value of Rs 49,000 at a bank branch in Kaliachak in Malda district today.
A senior police officer said Noor Mohammed Ali was taken to police custody after it was found he tried to deposit 98 counterfeit currencies, each with the face value of Rs 500, at Bangiyo Gramin Bikash Bank's Kaliachak branch.
Branch manager K Hazra said he became suspicious after handling the notes, which Ali came to deposit after the Centre demonetised Rs 1,000 and Rs 500 notes.
Ali, hailing from Marupur village, came to deposit the fake notes to the savings account of his wife.
"We are trying to bust the racket," said the officer.
Kaliachak in Malda district was one of the important transit points for circulating fake currency before the demonetisation drive.
A senior police officer said Noor Mohammed Ali was taken to police custody after it was found he tried to deposit 98 counterfeit currencies, each with the face value of Rs 500, at Bangiyo Gramin Bikash Bank's Kaliachak branch.
Branch manager K Hazra said he became suspicious after handling the notes, which Ali came to deposit after the Centre demonetised Rs 1,000 and Rs 500 notes.
Also Read
"We are trying to bust the racket," said the officer.
Kaliachak in Malda district was one of the important transit points for circulating fake currency before the demonetisation drive.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%