The Town police have decided to carry out a detailed investigation into the source of counterfeit currency notes that were recently seized from various places in the city. The decision was taken after noticing a recent spurt in the attempts to circulate such notes and use it even for bank transactions.
As part of intensifying the probe, a team of police officials from the Town station will shortly leave for Bengaluru from where the recently seized counterfeit currency notes of Rs.32,000 were reportedly supplied.
“We have got some clues on the suspected suppliers from one of the arrested men and we will investigate it in detail in consultation with the local police there,” an officer at the Town station said.
In the past 14 months, the Town police registered no fewer than eight cases related to counterfeit currency notes. According to police officials, a majority of them were reported by a number of banking firms in the city after they received such notes from clients.
“In the city limits, an instruction is already there for all banking firms to submit a monthly report on the number of counterfeit currency notes they received during transactions and the details of persons who brought them. Banks are doing it properly and we are very keen on these reports,” a senior police officer in the city said. He said that even public sector banks had come across incidents in which counterfeit currency notes were exchanged by anonymous persons as part of bank transactions.
“The main hurdle we face now is the reluctance of the already nabbed persons to disclose information about the suppliers’ network. Some of them still hold on to the claim that they got it during different transactions,” said a police officer, who is part of the investigation team. However, he made it clear that the police would not buy this argument as most of the accused had got fake currency notes in large quantities.
Police get clues on suspected suppliers
Eight cases of fake notes registered in past 14 months
