Navi Mumbai police seize fake notes issued by ‘Children Bank of India’

The Navi Mumbai police have seized fake notes with a face value of Rs 13.5 lakh from two persons, an official said on Saturday.

The seizure of the notes bearing the inscription “Children Bank of India, Full of Fun” was made near a temple in the Nerul area during a routine surveillance on Friday evening, he said.

Dinesh Yashwant Dhaval (39) of Maharashtra’s Raigad district and Shambhukumar Prabhudayal Sharma (32) from Jharkhand’s Hazaribagh, both currently living in Navi Mumbai, were carrying the bogus notes, he said.

A total of 27 bundles, all in the denomination of Rs 500, were seized.

The police have registered a case for possession of counterfeit notes and furtherance of common intention under the Indian Penal Code (IPC), the official said, adding that the two men were not immediately arrested.