Coimbatore: Two days after the seizing bundles of demontised currency notes from an rental, police arrested seven other people within the town on Thursday.
The accused – Prasanna, Prakash, Krishna Kumar, Mahalingam, Rangarajan, Senthil Kumar and Nattar Raman – were arrested and remanded in judicial custody under the Sections 506 (i) (legal intimidation) and (reciting obscene words) of Indian Penal Code (IPC) and the Specified Bank Notes (cessation of liabilities) Act 2017. Police are taking a look out for Dhashthakeer, the principle accused and his accomplice.
“The accused were looking to earn cash by way of exchanging the demonitsed currency notes,” a police officer stated. Police had seized Rs 1,000 notes worth about Rs 59.99 lakh.
“About 4 months ago, Prasanna, along side his friends Senthil and Nattar has procured demonitsed notes worth Rs 2 crore from an unidentified individual for a sum of Rs 24 lakh. A person from Ukkadam has approached the accused with a deal to buy demonitised notes worth Rs 1 crore for a sum of Rs 20 lakhs, but the individual cheated the trio and paid simplest Rs 6lakh. When the trio was in search of shoppers to promote the remaining demonitised notes, brokers Krishna Kumar, Mahalingam and Rangarajan introduced Dhashthakeer to them. Dhashthakeer and allies promised to buy the demonisted notes worth of Rs 1 crore for Rs 12 lakh. As according to the plan, Dhashthakeer rented a room in a provider rental in Peelamedu. When the accused began to count the outdated notes, the chief grew suspicious of their activities and alerted Peelamedu police,” the officer stated.
As a police crew approached the building, the accused fled from the spot leaving behind the outdated currency notes.
Preliminary investigation reavealed that a gang is keen on buying demonitised notes.
The accused – Prasanna, Prakash, Krishna Kumar, Mahalingam, Rangarajan, Senthil Kumar and Nattar Raman – were arrested and remanded in judicial custody under the Sections 506 (i) (legal intimidation) and (reciting obscene words) of Indian Penal Code (IPC) and the Specified Bank Notes (cessation of liabilities) Act 2017. Police are taking a look out for Dhashthakeer, the principle accused and his accomplice.
“The accused were looking to earn cash by way of exchanging the demonitsed currency notes,” a police officer stated. Police had seized Rs 1,000 notes worth about Rs 59.99 lakh.
“About 4 months ago, Prasanna, along side his friends Senthil and Nattar has procured demonitsed notes worth Rs 2 crore from an unidentified individual for a sum of Rs 24 lakh. A person from Ukkadam has approached the accused with a deal to buy demonitised notes worth Rs 1 crore for a sum of Rs 20 lakhs, but the individual cheated the trio and paid simplest Rs 6lakh. When the trio was in search of shoppers to promote the remaining demonitised notes, brokers Krishna Kumar, Mahalingam and Rangarajan introduced Dhashthakeer to them. Dhashthakeer and allies promised to buy the demonisted notes worth of Rs 1 crore for Rs 12 lakh. As according to the plan, Dhashthakeer rented a room in a provider rental in Peelamedu. When the accused began to count the outdated notes, the chief grew suspicious of their activities and alerted Peelamedu police,” the officer stated.
As a police crew approached the building, the accused fled from the spot leaving behind the outdated currency notes.
Preliminary investigation reavealed that a gang is keen on buying demonitised notes.
7 men arrested for exchanging demonitised notes
![7 men arrested for exchanging demonitised notes]()
Reviewed by Kailash
on
June 08, 2018
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