In Rajkot city of Gujarat, police arrested two people with fake ₹2000 and ₹500 notes valuing ₹26.10 lakh hidden inside speaker box of a car reported Rajkot Commissioner of Police, Anupam Singh Gehlot. 

 

The police commissioner also disclosed that a high-quality coloured printed has also been recovered from that duo that was used for printing the new currency notes. To pass on the notes as valid, the bundles also had tag and seal of some public sector bank. 

 

The arrested duo has been identified as Hruday Jagani and Lakshman Chauhan from Ahmedabad, Gujarat. According to the police commissioner, Hruday worked as a printer having sound knowledge of printing and cutting making the fake notes looked valid currency. 

 

"Acting on a tip-off, the city crime branch sleuths intercepted a car at Hanuman Madhi area and arrested two persons with fake currency notes of Rs. 2,000 with a face value of Rs. 26 lakh, and of Rs. 500 with a face value of Rs. 10,000," the police commissioner said. 

 

The commissioner also added that after demonetisation, approximately ₹2 crore worth of banned notes as well as ₹70 lakh new notes have been recovered from Rajkot.

 

As the period of 50 days coming to an end and at the beginning PM Modi announced that notes have been banned to stop counterfeiting of currency and black money, multiple incidences of fake new currency poses question on the success of demonetisation scheme and its planning.