TIA NEWS /Rajkot
Fake currency notes with a face value of Rs 3.92 crore have been seized from a car belonging to a Rajkot-based financier lodged in jail. According to police, the currency notes were suspected to be printed by Ketan Dave, who is presently in judicial custody on charges of cheating a scrap dealer.
Rajokt Police found the car parked at Sukhsagar Society in Rajkot last night. Rajkot Police Commissioner Anupamsinh Gehlot told Media persons today, that genuine currency notes worth 80,000 rupees were also seized from the same car. Mr. Gehlot said, the accused had used high-quality paper and ink making it difficult to figure out if the currency is fake.
The investigation is underway to ascertain whether the accused had circulated the fake currency in local market or in banks.
Police had arrested Dave along with his business partner Shailesh Bambhaniya after Patel filed a complaint of cheating on February 24. Subsequent police raids on Dave’s office premises unearthed fake currency with face value of Rs 57 lakh.
Patel in the FIR said Dave and Bambhaniya had promised to lend him Rs 50 lakh in cash on the condition that he issue a cheque of the same amount in the name of their financial firm.
Patel had issued a cheque but failed to get the money from them following which he lodged a complaint with “A” division police station here.