Hyderabad: Trader tries to dupe bankers
Police said Sheikh Yousuf had purchased the notes from a trader in Begum Bazaar.
Hyderabad: A trader who tried to cheat bank officials by depositing currency carrying the logo Children’s Bank of India was arrested by Malkajgiri police on Tuesday. Police said Sheikh Yousuf had purchased the notes from a trader in Begum Bazaar.
Sheikh Yousuf, 39, a resident of Moula Ali, was running a stationery shop at home. He regularly purchased material for his shop from a trader in Osman Gunj. Recently, he saw notes similar to the new Rs 2,000 and Rs 500 notes and bought them.
On Tuesday, he came to Allahabad Bank’s Gayatrinagar branch to deposit the notes he had purchased. “When he gave the notes at the cash counter the staff saw that they carried the logo Children’s Bank of India,” inspector P. Janaki Reddy said.
Police arrested him and seized the notes nominally worth Rs 9.91 lakh. Police found that he had purchased them for Rs 35 per bundle of Rs 2,000 notes. Police said the notes had imprints of the Children’s Bank of India.
The Rs 2,000 note had 2,000 points and Rs 500 notes had 500 points written on it. It was also clearly mentioned on the notes that they were ‘specimen copy.’ Based on a complaint from bank officials police registered a cheating case and remanded him.