Millennium Post

2 held for trying to exchange banned notes outside bank

Two youth were arrested from outside a Branch of a nationalised bank at Barasat in North 24 Parganas on charges of trying to involve others to exchange their invalid notes worth Rs 1.25 lakh with that of lower denominations.

Police said that the accused Kalam Mollah and Wasim Akhtar were residents of Metiabruz area. They went to the Branch of the nationalised bank at Barasat with Rs 1.25 lakh cash. They were carrying only Rs 500 and Rs 1,000 notes.

Knowing that they would get caught if they deposit the amount in either of their bank accounts, they had decided to exchange all the notes with lower denomination ones. In a bid to do so, the duo had managed to convince some of the youth who were standing in the queue to exchange notes for them. They had offered them a commission for doing the work.

Others standing in the queue had realised that something was going wrong, but they didn’t speak out apprehending getting involved in some trouble.

The youth had failed to avoid the eyes of the policemen posted outside the bank. Police found the accused speaking with other people in the queue suspiciously and often handing over envelops to some people who were standing in the queue.

The police took them to the police station and recovered invalid Rs 500 and Rs 1,000 notes from them. They were subsequently arrested. Police would question them to know whether it was their money or if someone else had engaged them to exchange the notes.

It may be mentioned that the Centre has announced that ink will be put on finger of a depositor to so that a person doesn’t keep going to banks to exchange Rs 500 and Rs 1,000 notes more than once.
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