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Couple held with Rs 5 crore in fake currency in Raipur

Press Trust of India  |  Raipur 

A man and his wife were arrested here on Sunday with fake notes with face value of Rs 5 crore, police said.

The couple also, allegedly, offered to help companies get income tax benefits by accepting sham donations under the Corporate Social Responsibility (CSR) scheme.

"Acting on a specific tip-off, (29) and his wife (30) were arrested by a special team of Raipur Crime Branch and local police for allegedly being involved in and possessing counterfeit notes," Raipur of Police Praful Kumar Thakur told

Fake notes in denomination of Rs 2,000, a printer, laptop and a paper cutting machine were recovered from their flat in Rajendra Nagar area here, he said.

While Singh is a native of Bihar, his wife hails from Bilaspur town of Chhattisgarh, he said.

Probe revealed that the couple allegedly told companies that if they deposited the funds earmarked for CSR activities in a particular NGO as donation, 80 per cent of the amount will be returned after deducting 20 per cent as a commission.

It will help the companies avail of income tax concessions and get the 'donated' money back as well, the couple allegedly told the prospective clients.

A case has been registered with New Rajendra Nagar police station and further investigation is on, ASP Thakur added.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, December 02 2018. 23:51 IST