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Man held with fake US currency

IGNORANCE OFTEN lands one in a soup as was proved in the case of an illiterate selling a US one million dollar currency note ? a denomination never printed and several Francs of different denominations in the form of coins-, which had gone out of circulation after France, opted for the Euro.

india Updated: May 21, 2006 15:12 IST

IGNORANCE OFTEN lands one in a soup as was proved in the case of an illiterate selling a US one million dollar currency note – a denomination never printed and several Francs of different denominations in the form of coins-, which had gone out of circulation after France, opted for the Euro.

According to Vijay Nagar police Chowki in-charge Sanjay Kamle he received information about a shady character trying to sell some foreign currency near Rajat Jayanti complex in Scheme-54 AB Road.

Acting on the information Kamle visited the area and on spotting the accused , Salim Kacchi, apprehended him along with the above said items in his possession.

Subsequent enquiry from the currency exchange operated by the State Bank of Indore at YN Road revealed that the note was a fake, as the US treasury never printed a single note of such a high denomination.

80 Francs of 10 denomination, two of five denomination, six of five denomination and 76 of one Franc denomination recovered from him were worthless as they were no longer accepted in exchange houses and as they were available in plenty they did not even form a collectors item.

The police arrested Kacchi of Tanjim Nagar, Khajarana under sections 141 and 102. He was presented in court yesterday from where he was sent to the district jail.

First Published: May 21, 2006 15:12 IST