Bhubaneswar Reserve Bank of India regional office handed over as many as 1,440 fake notes of various denominations to the police. The value of these notes amounts to Rs 3.07 lakh. These fake notes will be sent for examination.
The circulation of these notes has signified the State is providing ground to the market for the fake notes. Though it is neighboring Andhra Pradesh which is a transit route for such a trade
The RBI receives counterfeit notes from the people for exchange thus it handover the same with the local police every six months. After this case is lodged and on its basis investigation is initiated.
Previously a couple of years back, Malgodown Police in Cuttack had apprehended fake notes of Rs 3 lakh and arrested several persons in this connection. Police traced the ground of fake currency in Andhra Pradesh but later police lost track of the persons.
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