SURAT: The seizure of nearly Rs 100 crore counterfeit Indian banknotes (FICNs) produced in Surat and Jamnagar since September 29 is one of the largest in Gujarat in recent times. Kamrej police in Surat arrested three people including the alleged mastermind Hitesh Kotadiyawho designed the racket to defraud people through an NGO instead of directly circulating the bills in the market.
Police have stepped up their investigation after recovering Rs 25.80 crore banknotes from an ambulance driven by Kotadiya in Kamrej on September 29. On Saturday, more bills, all denominations. price of Rs 2,000 with a face value of nearly Rs 53 crore was seized from his hometown. Mota Vadala in the Kalavad taluka of Jamnagar.
Kotadiya transports cash to Surat whenever required and uses ambulance to avoid any suspicion.
On Saturday, more bills, all denominations of Rs 2,000 with a face value of nearly Rs 53, were seized from his hometown Mota Vadala in Jamnagar’s Kalavad taluka and notes worth Rs 12 crore were recovered. seen from another arrested defendant. Vipul Patel (49) from Anand.
Speaking to TOI, Jamnagar DSP Premsukh Delu said, “We searched Kotadiya’s closed ancestral house in Mota Vadala and there was a cloak behind. There were 19 boxes hidden under the peanut shells. and all contain FICN.”
Of the 17 identification marks on the original coins, only 14 match these notes. They have no embossed money, lack the silver thread and the words ‘Reverse Bank of India’ on them.
Kotadiya runs the voluntary Dikri charity and provides cash to those who want to donate through the bank for tax relief. There are donors who want to cheat to get tax benefits without a real charity. Kotadiya received the funds through a bank transaction for which the sponsor could claim tax benefits. In return, Kotadiya once showed them that he had a lot of cash and he also gave some FICN to such donors.
Police have recovered a total of Rs 90 FICN while the Rs 10 denominations have yet to be found.
“They run a phishing attack through an NGO by promising cash to donors and other volunteer organizations,” Rajkumar PandanAdditional DGP, Surat range.
Police said: “Some victims of the scam did not approach the police as their original plan was also a form of fraud as they were actually donating but just wanted to show a transaction to the public. tax refund”.
Along with Kotadiya and Patel, the police arrested their accomplice Dinesh Poshiya (40 years old) and launched a manhunt for two others, Vikas Jain and Dinanath Yadavwho is said to have provided the notes to them.
Poshiya is a joint between Jain and Kotadiya. The defendant even bought 25 metal boxes to store cash.
Police have stepped up their investigation after recovering Rs 25.80 crore banknotes from an ambulance driven by Kotadiya in Kamrej on September 29. On Saturday, more bills, all denominations. price of Rs 2,000 with a face value of nearly Rs 53 crore was seized from his hometown. Mota Vadala in the Kalavad taluka of Jamnagar.
Kotadiya transports cash to Surat whenever required and uses ambulance to avoid any suspicion.
On Saturday, more bills, all denominations of Rs 2,000 with a face value of nearly Rs 53, were seized from his hometown Mota Vadala in Jamnagar’s Kalavad taluka and notes worth Rs 12 crore were recovered. seen from another arrested defendant. Vipul Patel (49) from Anand.
Speaking to TOI, Jamnagar DSP Premsukh Delu said, “We searched Kotadiya’s closed ancestral house in Mota Vadala and there was a cloak behind. There were 19 boxes hidden under the peanut shells. and all contain FICN.”
Of the 17 identification marks on the original coins, only 14 match these notes. They have no embossed money, lack the silver thread and the words ‘Reverse Bank of India’ on them.
Kotadiya runs the voluntary Dikri charity and provides cash to those who want to donate through the bank for tax relief. There are donors who want to cheat to get tax benefits without a real charity. Kotadiya received the funds through a bank transaction for which the sponsor could claim tax benefits. In return, Kotadiya once showed them that he had a lot of cash and he also gave some FICN to such donors.
Police have recovered a total of Rs 90 FICN while the Rs 10 denominations have yet to be found.
“They run a phishing attack through an NGO by promising cash to donors and other volunteer organizations,” Rajkumar PandanAdditional DGP, Surat range.
Police said: “Some victims of the scam did not approach the police as their original plan was also a form of fraud as they were actually donating but just wanted to show a transaction to the public. tax refund”.
Along with Kotadiya and Patel, the police arrested their accomplice Dinesh Poshiya (40 years old) and launched a manhunt for two others, Vikas Jain and Dinanath Yadavwho is said to have provided the notes to them.
Poshiya is a joint between Jain and Kotadiya. The defendant even bought 25 metal boxes to store cash.
