3 held with R2 lakh in fake currency | punjab | Hindustan Times
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3 held with R2 lakh in fake currency

The police here on Monday arrested three men allegedly carrying fake currency of Rs 2 lakh. The accused — Vijay Kumar of Karhali village in Patiala and Jarnail Singh and Dilbagh Singh of village Kagthali in Kaithal

punjab Updated: Feb 21, 2012 18:53 IST
HT Correspondent

The police here on Monday arrested three men allegedly carrying fake currency of Rs 2 lakh. The accused — Vijay Kumar of Karhali village in Patiala and Jarnail Singh and Dilbagh Singh of village Kagthali in Kaithal — brought the notes in denominations of 500 and 1,000 from Amritsar at the rate of Rs 60,000 in legitimate currency for each lakh of fake currency, the police said.


“They would distribut the money among themselves and use it usually to make domestic purchases. So far, they have confessed to have used Rs 10 lakh of fake currency in the city,” senior superintendent of police (SSP) Dinesh Pratap Singh said.


According to the SSP, based on a tip-off the police set up a check-post near Sheesh Mahal, where the money was recovered from a car (PB-11Q-2154) that was coming in from the Dakala side.


“The notes were packed in polythene bags and kept under a seat in the car,” he said, adding that the fake currency could have been brought in originally from Pakistan.


The alleged dealers in Amritsar were not identified yet, though the police have registered a case under sections 489B, 489C and 420 of the Indian Penal Code (IPC).