Police busted a fake Indian currency racket near here on Saturday with the arrest of six accused and seized counterfeit notes of Rs 2,000 amounting to over Rs 2 lakh. The police seized 105 counterfeit notes of highest denomination of Rs 2,000, which was released this month following the demonetisation of Rs 1,000 and Rs 500 notes. Of the Rs 2,22,310 fake currency seized from the gang, Rs 2000 notes were worth Rs 2,10,000. The remaining fake currency was in small denominations of Rs 100, Rs 50, Rs 20 and Rs 10. The police chief said the accused were waiting for an opportunity to circulate fake Rs 2,000 notes.

Source: Hindustan Times November 26, 2016 10:16 UTC