Bid to deposit ‘children bank’ notes; man held
Police arrested on Tuesday a man who was allegedly trying to deposit ₹ 9.9 lakh in fake currency notes bearing the name “Children Bank of India”.
Kushaiguda police in Hyderabad arrested a person Yousuf Shaik from Moula-Ali area, who was caught by Allahabad Bank staff while allegedly trying to deposit fake currency in the denominations of ₹2,000 and ₹500.
This comes weeks after fake ₹2000 banknotes bearing the “Children Bank of India” name were dispensed from ATMs in Delhi and Uttar Pradesh.
According to the police, Shaik allegedly came to the Allahabad Bank branch near Radhika Theatre at AS Rao Nagar soon after the bank opened at 10.30 am.
He handed over a few bundles of currency to the bank cashier to deposit it in his savings bank account. There were in all 400 notes of ₹2,000 and 380 notes of ₹500 , amounting to a total of ₹9.90 lakh, police said.
The cashier, initially, did not suspect the currency as the notes were similar to the original ones. However, while counting he noticed that the notes had the name of “Children Bank of India” instead of Reserve Bank of India, police said. While holding the customer at the counter, he quietly informed the same to the branch manager, who in turn informed the authorities.
The police arrived and took Shaik into custody. During interrogation, Shaik, who runs a small stationery shop in Malkajgiri area, told police that he had got the money from some customers. “However, we suspect there is a big racket behind it,” a police official said.
According to bank sources, Shaik opened his savings bank account only in June 2016 and had been making only smaller transactions.