Navi Mumbai Police Arrest Two for Possession of Fake Currency with “Children Bank of India” Inscription
Navi Mumbai, 1st April 2024: In Navi Mumbai, two individuals have been apprehended by the police for alleged possession of fake Indian currency notes (FICNs) with a peculiar inscription: “Children Bank of India, Full of Fun.” The accused admitted to deceiving people by exchanging these fake notes for genuine currency at a reduced value.
Police Constable Yogesh Elag, stationed at Nerul Police Station, along with his colleague Constable Sagar Thakur, received information during a patrol in Nerul that two individuals were planning to sell FICNs. Acting on this tip-off, they alerted their superiors, leading to the deployment of a police team near Shani Mandira, Sector 11, Nerul.
Upon interception, the police found two suspicious individuals, identified as Dinesh Dhawal (39) from Raigad and Shambhukumar Sharma (32) from Jharkhand, carrying a bag. Upon inspection, the bag contained Indian currency notes in Rs 500 denomination, with 27 bundles of fake notes, each bundle comprising Rs 50,000, totalling Rs 13.50 lakh. The counterfeit notes bore the distinctive inscription “Children Bank of India, Full of Fun.”
During interrogation, the accused confessed to using these fake notes to defraud unsuspecting individuals by accepting genuine currency at a discounted rate in exchange for counterfeit bills. Subsequently, the accused were taken into custody for further legal proceedings.
A case has been registered against them under sections 34 (common intention) and 489-C (possession of forged or counterfeit currency notes or banknotes) of the Indian Penal Code. Police Inspector Mahesh Patil stated that investigations are underway to ascertain the source of the counterfeit notes and identify potential accomplices involved in the scheme. The accused individuals remain in police custody pending further investigation.
