Ahmedabad man who deposited fake notes jailed

Additional sessions judge VN Chaudhary on Friday convicted a Gomtipur resident who was caught red-handed depositing counterfeit Indian currency notes in a bank.

While the court sentenced the main accused to eight years imprisonment, it acquitted the other accused in the case.

The court has, however, asked the police to keep watch on the activities of the other accused and their monetary transactions.

And in case their activities are found suspicious, the investigating agency can arrest them and book them under appropriate legal sections, the court said.

Those acquitted were charge-sheeted by the police but they were released as the evidence submitted before the court revealed that they had no knowledge that the notes in their possession were fake.

As per the case details, one Istiaq Ahmad Abdul Rasid Ansari, who holds an account in the ICICI Bank deposited a bundle of currency notes of Rs100 denomination with which he had also sneaked in a few fake notes of Indian currency.

And as he had done several times earlier, after depositing the fake money he withdrew the amount from an ATM of the bank. According to the crime branch, four of his friends had assisted him in depositing fake notes in the bank and later taking it out as genuine money.

Crime branch officials smelled a rat and, on April 30, 2008 caught Ansari red-handed with his associates. While the cops caught Ansari and recovered 43 fake notes of Rs100 denomination, his partners fled the scene.

Public prosecutor Dinesh Sharma examined 11 witnesses and produced 16 documents in the case.