Fake notes with Rs 5 lakh face value seized; one held

Image
Press Trust of India Aurangabad
Last Updated : May 19 2017 | 6:43 PM IST
Police today arrested a 42- year-old man and seized counterfeit currency notes with a face value of Rs 5 lakh.
Majid Khan Bismillah Khan was arrested from a house in Indiranagar which was raided after receiving a tip-off, said Commissioner of Police Yashaswi Yadav.
Addressing a media conference here, Yadav said during the raid fake notes with a face value of Rs 5 lakh were seized.
The counterfeit notes were in denominations of Rs 2,000, Rs 500 and Rs 100 and were of high quality, he said.
Police seized a scanner, computer and some electronic devices, Yadav said, adding genuine notes of Rs 23,000 were also found in the house.
The commissioner said the police seized two identity cards from the accused. One of them shows him as a scribe, while the other as an activist of a national political party.
He declared a reward of Rs 20,000 for the police team that conducted the raid and made the seizures.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*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

More From This Section

First Published: May 19 2017 | 6:43 PM IST

Next Story