Trader tries to dupe bankers
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 `2,000 and `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 `9.91 lakh. Police found that he had purchased the SI questioned them they could not give a proper reply and one of them started running them for `35 per bundle of `2,000 notes. Police said the notes had imprints of the Children’s Bank of India. The `2,000 note had 2,000 points and `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. away. Following him, police found the apartment, where the cash was stashed up.