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Indore Police Seize Bags of Bogus ₹500 Bundles With Only 84 Real Notes

Expert checks found only 84 real notes worth ₹42,000.

Overview

  • Police in Indore, alerted by a farmer on Thursday morning, seized three abandoned bags on the SanwerUjjain road that held 566 bundles resembling ₹500 notes.
  • Expert checks found only 84 genuine notes worth ₹42,000, overturning an initial visual estimate of about ₹2.83 crore.
  • Most bundles were packed to deceive with real ₹500 notes on the top and bottom and plain paper inside, and 133 bundles were only paper with edges painted to look like currency.
  • Investigators are reviewing highway CCTV and continuing forensic checks to identify who prepared or dumped the bags, and no arrests have been announced.
  • Police suspect the stash was built for fraud, a common scam tactic that uses a few real notes to pass a quick glance during cash deals and cheat victims out of large sums.