Punjab trio mints fake Rs 2000, exchanges old notes for 30% commission | india-news | Hindustan Times
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Punjab trio mints fake Rs 2000, exchanges old notes for 30% commission

india Updated: Dec 01, 2016 17:34 IST
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The trio installed equipments to print fake notes and banked on the assumption that people are still not familiar with the design of the new Rs 2000 notes, police said. (HT Photo / Representative image)

A trio from Punjab minted fake Rs 2000 currency to the tune of Rs 42 lakh and exchanged old notes for a 30% commission, Mohali police said on Thursday.

Suman Nagpal, a real estate dealer, Abhinav Verma and his cousin Vishakha were arrested on Thursday and an Audi car with a red beacon was impounded.

The trio installed equipments to print fake notes and banked on the assumption that people are still not familiar with the design of the new Rs 2000 notes, police said.

“They took old notes for a 30% commission and give back fake Rs 2,000,” Mohali superintendent of police Parminder Singh Bhandal said.

Police said a case was registered against them and they were taken in one-day police remand.