Fake currency racket: Accused deposited Rs 35 lakh in different bank accounts says Police

The money belongs to the people whom the accused duped by exchanging the fake currency notes with the old currency notes of Rs 500 and Rs 1,000.

Written by Jagdeep Singh Deep | Mohali | Published:December 7, 2016 5:05 am
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A day after recovering Rs 14 lakh from the residence of a person embroiled in a fake currency racket, the police have discovered that the accused managed to deposit Rs 35 lakh in different bank accounts. The money belongs to the people whom the accused duped by exchanging the fake currency notes with the old currency notes of Rs 500 and Rs 1,000.

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Speaking to Chandigarh Newsline, Sohana Station House Officer (SHO), HS Bal said that they sought the details of the bank accounts of accused Abhinav Verma and his co-accused Vishakha and Suman Nagpal last week and the banks told them that Abhinav had deposited Rs 35 lakh in bank accounts.

“Abhinav had two personal accounts and three accounts on the name of his company, he also managed to deposit the money in the accounts of some of his employees. We are investigating how many employees deposited money in the accounts,” Bal said.

Bal further said that they will also question the bank officials that how the accused and his employees managed to deposit large amount of cash in the bank accounts. He said that the deposits were made after the demonetisation was declared on November 9.

The SHO also said that he has written both HDFC and Yes Bank to freeze the accounts of the accused so that nobody could operate it in his absence. The officials also said that they will also question the bank officials of both the banks as to how the accused managed to deposit the money into his accounts.

So far, police have recovered Rs 42 lakh fake currency from the accused while Rs 14 lakh were in the old currency notes. The police, however, is yet to make any headway in identifying the links of the accused .

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