Fake currency notes worth Rs 3.92 crore seized in Rajkot

March 4, 2017

Rajkot, Mar 4: Fake currency notes with a face value of Rs 3.92 crore have been seized from a car belonging to a city-based financier lodged in jail, police said today.cash

The currency notes were suspected to be printed by Ketan Dave, a city-based financier, who is presently in judicial custody on charges of cheating a scrap dealer Nitin Patel, they said.

The Rajkot Police found the car parked at one Sukhsagar Society here last night, after the questioning of two of Dave's accomplices, Parth Terraiya and Umang Gajjar, who are also in jail. "We searched the parked car owned by Dave and found fake currency with a face value of Rs 3.92 crore," Rajkot Police Commissioner Anupamsinh Gehlot told reporters.

Genuine currency notes worth Rs 80,000 were also seized from the same car, he added.
"The accused had used high-quality paper and ink making it difficult to figure out if the currency is fake," Gehlot said.

Also, investigation is underway to ascertain whether the accused had circulated the fake currency in local market or in banks (through deposits), he added.

Police had arrested Dave along with his business partner Shailesh Bambhaniya after Patel filed a complaint of cheating on February 24. Subsequent police raids on Dave's office premises unearthed fake currency with face value of Rs 57 lakh.

Patel in the FIR said Dave and Bambhaniya had promised to lend him Rs 50 lakh in cash on the condition that he issue a cheque of the same amount in the name of their financial firm.

Patel had issued a cheque but failed to get the money from them following which he lodged a complaint with "A" division police station here.

Their interrogation had led the police to nab the two accomplices (Terraiya and Gajjar) whose questioning led the police to seize the fake currency, Gehlot said.

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July 12,2020

Tamil Nadu, Jul 12: An alleged attempt by a 19-year-old man to "open a branch of the State Bank of India" at Panruti near Tamil Nadu was scuttled and he was arrested for forgery, police said on Saturday.

The man, son of retired SBI employees, had readied fake seals and challans of the public sector lender, and had other paraphernalia like a cash counting machine needed "to run a bank branch," on an upper floor of his residence at Panruti, about 25 km from Tamil Nadu.

He had not, however, put up any signboard. The SBI Panruti branch manager lodged a complaint with police seeking action following a tip-off by a customer that the man was "opening an SBI branch and has challans as well."

A printer who printed the challans and another who had made fake seals were held for similar offences and abetment.

They were produced before a magistrate court and enlarged on bail.

Asked if the man had cheated people by soliciting deposits or facilitating loans, Panruti police inspector K Ambethkar said, "no..we have not received any such complaint so far."

The man's late father had worked for SBI and his mother had retired from the same bank some time back, he said.

To a question, the police inspector said the man's mother, who has mobility issues, and another woman a relative living in the same house had no clue about his "idea."

Investigations revealed that he aspired to work for a bank and since he had closely watched banking operations for long he was "very knowledgeable" about it.

On the suspected motive, he said several of his replies were incomprehensible, childish, and strange notwithstanding his excellent understanding of the banking processes.

"He even calmly told us that he awaited approval from Mumbai to open the (SBI) branch and that he was about to put up a signboard," the inspector said, adding that the man had tried unsuccessfully to get employment on compassionate grounds in the SBI following the death of his father in harness.

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March 12,2020

Mar 12: Three women were arrested for allegedly administrating fake coronavirus vaccines to villagers in Maharashtra's Jalna district, police said on Thursday.

The police on Wednesday arrested Beed residents Radha Ramnath Saamse, Seema Krishna Andhale and Sangeeta Rajendra Avhad, who allegedly posed as doctors and healthcare workers, an official said.

The trio met villagers of Pipalgoan in Ambad tehsil, informed them about a vaccine that could protect them from coronavirus and administered it to gullible locals, he said.

Some villagers informed Dr Mahadev Munde, a medical officer at a rural health centre, about this, after which a complaint was lodged, the official said.

Fake vaccines and bottles, which were seized from the accused, have been sent to the state health department, he said, adding that a case of cheating has been registered against the trio.

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July 20,2020

Kozhikode, Jul 20: A 17-year old boy died of head injuries while trying to protect his mother from being assaulted by his drunk father here, police said on Sunday.

The youngster suffered the fatal injury after his head hit against the door when his father shoved him at their home on Saturday. Venu, had come home in an inebriated state and picked up a quarrel with his wife and started beating her up, they said.

On seeing this, Alan tried to intervene. Though the boy was rushed to the hospital, his life could not be saved, they added. Venu was arrested and a case has been registered.

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