An engineering student happening to be the son of a banker was arrested while trying to deposit fake Rs 500 and Rs 1,000 currency notes at a Khordha SBI branch on Friday.
While the mad rush for exchanging the demonitised currency notes of Rs 500 and Rs 1,000 denominations gave banks a hard time, Sumit Tudu (24), son of an Assistant Manager at Ali-Manpur SBI branch in Kendrapada district, had brought Rs 2.5 lakh
for deposit out of which currency amounting Rs 47,000 found to be counterfeit.
Tudu was arrested and is being interrogated now.
A second year Mechanical stream student of a city-based private engineering college, Tudu said he got the money from his brother who is in business in Jharkhand to deposit the same in his father’s account.
Khordha SBI branch Manager Debaprasad Kanhar said the accused had brought Rs 2.5 lakh for exchange. During examination, notes with face value of Rs 47,000 were found counterfeit.
“Out of the fake notes, there are 42,000 numbers of Rs 1000 notes and rest was in Rs 500 denomination. A case against will be filed against the accused as per Sections 489A, 489B and 489C of IPC,” said Khordha SDPO Harihar Pani.
Meanwhile, Khordha Town police station IIC Ranjit Sahoo said the youth had gone to the bank to deposit the money in his father’s account to meet the expenses meant for construction of their house at his native place in Mayurbhanj district.
Investigation is on to ascertain the fact, added Sahoo.