The Commissionerate police on Wednesday seized fake currency notes with face value of Rs 1.06 lakh and arrested a person in this connection in Cuttack city. One Satyajit Panda of the Tangi area had deposited 53 counterfeit currency notes in denominations of Rs 2,000 in a cash deposit machine of the SBI at Markat Nagar on January 17. Later, he lodged a complaint with the bank saying the amount was not deposited in his bank account.
During a probe, bank officials examined the cash inside the machine and brought the notes deposited by the accused to the Bidanasi branch of the SBI, where it was established that the notes are fake. The Branch Manager informed the Markat Nagar police about it, following which cops initiated an investigation and apprehended Satyajit under Sections 489 A and 489 C of the IPC.
Efforts are on by police to ascertain involvement of others in the offence. Police suspect that the accused was a member of a fake currency note racket.