Another Rs 2000 shocker! UPSC aspirants print fake notes worth Rs 5 crore; Here's how they operated

Police have recovered a colour printer, laptop, cutter and papers from the couple's flat. Police also found in its initial inquiry that man and woman had approached six companies and had already done fraud of upto Rs 1 crore till now.

Another Rs 2000 shocker! UPSC aspirants print fake notes worth Rs 5 crore; Here's how they operated
The couple used to contact officials or agents of the companies and convinced them that 80 per cent of the amount that they will show in CSR will be returned to them and shown in company expenses. Reuters
Written By: ZeeBiz WebTeam
Updated: Mon, Dec 03, 2018
04:04 pm
ZeeBiz WebDesk
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Fake Rs 2000 notes have been making news ever since they were introduced in the market post demonetisation decision of November 2016. Now, in a shocking development, a UPSC aspirant couple has been arrested for printing fake Rs 2000 notes. Police have also receovered fake high denomination notes worth Rs 5 crore from their residence. 

As per a report in Hindi daily Dainik Bhaskar, Chhattisgarh police recovered the fake currency notes from Amlidih's Rajat Appartment flat no 708 where couples lived on rent. The couple was preparing for UPSC and had rented the flat a few months back. In three months, they had printed 25,000 notes of Rs 2000 denomination. Police said that with their arrest scam in the name of Corporate Social Responsibility (CSR) has been exposed. 

The Hindi daily's report said that the couple allegedly swindled company agents to deposite CSR amount in their fund. They used to showcase a bag full of cash to portray legitimacy in the process. However, bags were filled with fake notes.

Nikhil, 29, is a resident of Patna (Bihar) while his partner Poonam, 30, is from Bilaspur, police said. They had fallen in love and married four years ago.

Police have recovered a colour printer, laptop, cutter and papers from the couple's flat. Police also found in its initial inquiry that man and woman had approached six companies and had already done fraud of upto Rs 1 crore till now.

How the couple printed fake news

Additional SP Praful Thakur was quoted as saying in the report that Nikhil and Poonam had met in Delhi during their UPSC preparation and got married. They shifted to Raipur six months ago. They learned thuggery and the process of printing notes in Delhi along with CSR scam. They came to raipur and bought a colour printer and started printing fake notes of Rs 2000.

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The couple used to contact officials or agents of the companies and convinced them that 80 per cent of the amount that they will show in CSR will be returned to them and shown in company expenses. To deposit money, the accused used to give NGO or Trust's account number to the companies and promised them to return the cash within 24 hours. Police also found a bag of fake notes used to be given to them.