In a major breakthrough, police in Nashik have busted a gang allegedly involved in illegal swapping of scrapped notes with new currency denominations. According to police, 11 people were taken into custody Thursday night and Rs 1.35 crore cash were seized from their possession.
All the seized notes are said to be fake and in new Rs 500 and Rs 2,000 denominations.
Based on some specific inputs, police said, they raided a house and arrested 11 members of the gang that was active in the city for the last one month.
Police said that they were illegally exchanging the scraped notes with the new ones on commission basis.
The development goes contrary to the government’s claims of new Rs 500 and Rs 1000 notes laced with security features that made it hard to counterfeit.
Meanwhile, the Income Tax department has unearthed unaccounted assets worth Rs 60 lakh from a city based doctor.
"Our officials have conducted a search and found unaccounted assets worth Rs 60 lakh from of ENT specialist Rajendra Tilekar. A penalty will be collected from the doctor as per the norms,” an I-T official said.
The Income Tax department said that it has also started a probe to find the source of the Rs 30 lakh seized by the Nashik police recently.
The crime branch had seized total Rs 30 lakh in Rs 2,000 denominations from four persons in four different cases on Sunday and had forwarded all the details to the I-T department for further investigation.
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