Following a tip-off, crime branch officials nabbed three persons near a hospital in Limbayat area of the city, said Deputy Commissioner of Police Vishal Vaghela.
Zakir Patel (40), one of the accused, claimed to be a British citizen and told the police that he had brought the notes from UK to exchange them with new notes, said Vaghela.
Other two were identified as Faizal Patel (26) and Sarfaraz Yakub (35), both working as electricians.
"Zakir Patel, who originally belongs to Bharuch, claimed he is a citizen of UK and works there as a teacher. He claimed to have acquired these 600 notes of Rs 1,000 in UK and come to India some time back," said the DCP.
"The trio claimed they wanted to exchange these fake notes with new notes by paying around 20 to 30 per cent commission. We are investigating their possible links with people who are into this illegal trade," said the DCP.
Disclaimer: No Business Standard Journalist was involved in creation of this content
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 →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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
