Deciding a significant case in less than two years, a lower court here on Saturday convicted and awarded seven years of rigorous imprisonment to one Sanjay Biswal of nearby Salipur area for procuring fake currency notes from neighbouring West Bengal and circulating them in Odisha.
Finding the 38-year-old youth guilty under Section 489 (B) and 489 (C) of IPC, the Additional Sessions Judge of Cuttack also slapped a fine of Rs 5,000 on the convict who was arrested by the State Crime Branch police in September 2012.
Biswal was arrested from his native village in Chandradeipur under the Salipur police station after inputs suggested that he was trading with fake currency notes. Police had seized 20 numbers of Rs 1,000 and 16 numbers of Rs 500 currency notes from his possession.
During investigation of the case, police had ascertained that the accused was procuring the counterfeits from Malda area of West Bengal and was circulating them in Odisha market for past several months.