Ahmedabad: Student held with Rs 1.98 lakh in fake notes

AHMEDABAD: The city crime branch on Monday busted a fake currency notes racket with the seizure of 98 counterfeit notes of Rs 2,000 denomination with a face value of Rs 1.96 lakh, and arrested one person.

The accused, identified as Dilip Keshwala, 20, a computer engineering student, received the fake notes through courier and used them to buy mobile phones, gold and other items, according to a crime branch officer.

The sleuths seized 56 fake notes from Keshwala and 42 from a bank where these were deposited by a shopkeeper assuming the notes to be genuine, an official said.

The money collected after selling the mobile phones and gold etc., was then routed to the network through a courier service. The original currency notes received were to be sent to the accused in the form of bitcoins, the crime branch official said.

Keshwala got in touch with the network of people involved in the racket through an online portal while looking for a part-time job, he said.

“He was appointed as a service boy to whom the fake Indian currency notes would be dispatched through courier via an online portal,” the official said.

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