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Kasargod: Note exchange on commission- gang arrested, money seized

  •   Sat, Nov 19 2016 08:53:37 AM

Steephan Kayyar

Daijiworld Media Network- Kasargod (RJP)

Kasargod, Nov 19: Kasargod police on Friday November 18 arrested a gang which was engaged in the exchange of new notes for the demonetised notes of Rs 500 and Rs 1000 on commission basis. Police have also seized Rs 6 lac from the accused and a car used by the gang.

P Harris (39), P Nisar (42), M Naushad (39), C H Siddique (39) and Mohammed Rafiq (30) are the persons arrested.

The gang was reportedly paying Rs 7 lac new notes in exchange for the old notes worth Rs 10 lac.

Police who received the information that the gang was exchanging notes, went to the place of exchange in civil dress and caught the gang red handed.

As the banks only allowed Rs 2000 exchange per person, it is yet to be known how the gang managed to get huge amount of new currency.
A trader from Kanhangad who had allegedly supplied the new notes to the gang also has been arrested.

Police are investigating to see if any bank employees are involved in the case.
  

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Comment on this article

  • Charan, Mangaluru

    Sun, Nov 20 2016

    ಇವ್ರಿಗೆ ಜೀವನದಲ್ಲಿ ನೀತಿ, ಮಾನ, ಮರ್ಯಾದೆ ಎಂಬೊದಿಲ್ಲ.

    DisAgree [3] Agree [3] Reply Report Abuse

  • Charan, Mangaluru

    Sun, Nov 20 2016

    New prints of 500, 1000 notes, Pakistan's hand is not denied printing new notes and in order to smuggle with these people
    Now I understood why these particular people from Kasargod throw money in Mangalore for purchasing land from the city

    DisAgree [2] Agree [3] Reply Report Abuse

  • Rita, Germany

    Sun, Nov 20 2016

    No wonder no new notes in Banks when out side enough Money is being exchanged.How come Ambani and co also knew about top secret of the Nation about demonetising and changed their Money and kept stock?From where they get Money while our poorones struggle to get only ..how much?No corruption in India with new currency.HAHAHA.by the way when anybody has Money to donate,my account is still at the lowest Level.

    DisAgree [3] Agree [1] Reply Report Abuse

  • SKM, MANGALORE

    Sat, Nov 19 2016

    PARADOX! Black money now incresing than decresing. Such fraudsters getting new currency notes easily while commoners struggle to get it and earning more money in exchange. Corruption in new money circulation, may be some black sheeps in banks giving money to such people for commission. Even god can not stop corruption and black money

    DisAgree [2] Agree [2] Reply Report Abuse

  • Vincent Rodrigues., Frazer Town,Bangalore

    Sat, Nov 19 2016

    Corruption will go now to the peak as 2000 rupee note put into circulation

    DisAgree [9] Agree [5] Reply Report Abuse

  • bharathraj, mangalore

    Sat, Nov 19 2016

    all aam admi arrested lol

    DisAgree [1] Agree [7] Reply Report Abuse

  • SUJITH , Mangalore

    Sat, Nov 19 2016

    Tomorrow he will call press meet funniest part is even when touched mamatha didi hand she pulled off so no one trust him

    DisAgree [2] Agree [4] Reply Report Abuse

  • Peter Lewis, Kalmady/k s a

    Sat, Nov 19 2016

    Their food digest on wrong deeds, never change.

    DisAgree Agree [5] Reply Report Abuse

  • RSRB, Kundapura / Singapore

    Sat, Nov 19 2016

    India's total population - MINORITY
    Jail's total population - MAJORITY

    DisAgree [9] Agree [32] Reply Report Abuse

  • Dev, Mangalore

    Sat, Nov 19 2016

    Kasargod is world famous for smuggling gold, ganja etc etc and now for this.

    DisAgree [3] Agree [29] Reply Report Abuse

  • mohandas talwar, mangalore

    Sat, Nov 19 2016

    for this we have to say hats off to our PM for making way for such activities

    DisAgree [12] Agree [8] Reply Report Abuse

  • dev, mangalore

    Mon, Nov 21 2016

    such gang which were nurtured by italian aunty, all will be starved to death. u dont worry

    DisAgree [1] Agree Reply Report Abuse

  • neeth, mangalore

    Sat, Nov 19 2016

    Minorities/Poor people (really?) are most suffered due to Note Ban

    DisAgree [2] Agree [25] Reply Report Abuse

  • marol, udupi

    Sat, Nov 19 2016

    Any race starts with the first step. Government takes some steps for the development of the citizens. But if more than 50% of its citizens (government servants, officers, private sectors, public) corrupt then how one can expect development of the nation?
    Already bribe giving and taking has begun in new notes. It’s a pathetic situation. Only and only hungry for money, money and money. Let’s count how much one takes when end sets. More than 50 % citizens are corrupt with not having right conscience, proper cooperation and truthfulness, so much so that they are not even bothered about their soul and hell fire. So evil that they are pakka devils. Cast them into hell fire.
    Mother India has an enormous number of population. Many are directionless especially the growing number of youth force. Proper facilities of drinking water & food, housing, education, jobs, good roads and environment is required for all of us. Step by step, systematically all these have to be achieved. But is there any right & proper step or system exists ? Pakka chaltha hai attitude with grabing from everywhere possible. Grow up citizens grow up. Come to the main stream with clean heart & soul. Together we can perform wonders. It is the only way for each one of our well being . Government set right your offices and citizens your home & family. Thank you and God bless each and every one of us.

    DisAgree [3] Agree [16] Reply Report Abuse

  • hemanth, bangalore

    Sat, Nov 19 2016

    As per Jossy only Minorities helping in progress of the country

    DisAgree [8] Agree [49] Reply Report Abuse

  • Sandeep, mangalore

    Sat, Nov 19 2016

    After seeing the multiple arrests regarding exchange of currency notes, it is clear that who the culprits are. No prize for guessing.... he he he . Terrorism have hit very hardly by this move of govt. Jai Namo, Jai NDA

    DisAgree [13] Agree [32] Reply Report Abuse

  • SUJITH , Mangalore

    Sat, Nov 19 2016

    Now I understand why kejriwal n mamta didi is so frustrated after #DeMonetisation , seems like their whole sources of income are seized

    DisAgree [14] Agree [39] Reply Report Abuse

  • JJ, Mlore

    Sat, Nov 19 2016

    It is reported that Kejriwal has noticed that in the new RS 2000 note, the Gandhiji glasses lens is of the wrong number..........

    DisAgree [5] Agree [8] Reply Report Abuse

  • SUJITH , Mangalore

    Sat, Nov 19 2016

    This is the main reason people who oppose such a good move. .makesince huge cry they use live life by all illegal activities because they know congress will stoop to any level to save them , so they create problems outside banks
    A Real patriotic of nation will never oppose this move only illegal business activities are stucked

    DisAgree [6] Agree [33] Reply Report Abuse

  • Hemanth, Bnagalore

    Sat, Nov 19 2016

    Now i came to know why especially one sector of people opposing demonetisation move my PM..

    DisAgree [25] Agree [45] Reply Report Abuse

  • zameer, mangalore

    Sat, Nov 19 2016

    bro.. this has nothing to do with one sector of ppl opposing.....
    keralited so called malooos are known for such nasty acts... it has got to nothing to do with religion...

    DisAgree [20] Agree [14] Reply Report Abuse

  • DON, Udupi

    Sat, Nov 19 2016

    Na kaunga, na kane dunga turned Jumla election gimmic.

    DisAgree [21] Agree [30] Reply Report Abuse

  • DON, Udupi

    Sat, Nov 19 2016

    Tip of the iceberg of mega scam after independence - says Kejrewal.

    DisAgree [20] Agree [36] Reply Report Abuse

  • TRUE INDIAN , IXE

    Sat, Nov 19 2016

    CORRUPTION IS NOW DOUBLED AFTER NOTE BAN.

    DisAgree [27] Agree [64] Reply Report Abuse

  • Diva, Mangalore

    Sat, Nov 19 2016

    Only for short time, because the oppositions are not supporting this good move of PM Modi.

    DisAgree [16] Agree [15] Reply Report Abuse

  • Harish, BCRoad

    Sat, Nov 19 2016

    If people of India was not showing unity to take off corruption it wont stop. Then opposition parties also create lot of problems like this to wreck the show.

    DisAgree [6] Agree [16] Reply Report Abuse

  • Peter, Udupi

    Sat, Nov 19 2016

    Now understood how Reddy marriage went smoothly.

    Kejriwal was correct.

    DisAgree [18] Agree [65] Reply Report Abuse

  • SB, Mlore

    Sat, Nov 19 2016

    We ate missing MP kind of police very much. Only one treatment can stop these anti nationals.

    DisAgree [6] Agree [18] Reply Report Abuse

  • Shahul, Honnali

    Sat, Nov 19 2016

    Just raid Nagpur HQ you may find big khazana..

    DisAgree [38] Agree [48] Reply Report Abuse

  • Rustom, Manipal

    Sat, Nov 19 2016

    Why not these people fly to gulf to earn hard money..??
    Always looking for quick money..

    DisAgree [17] Agree [37] Reply Report Abuse

  • Rustom, Manipal

    Sat, Nov 19 2016

    Stopped preparation of 'gosh biryani' in kasargod and bhatkal after surgical strike.
    Cattles are much safe.
    Australia is now thinking to scrap big currencies while looking india's stand. All are following slowly.

    DisAgree [26] Agree [41] Reply Report Abuse


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