Fake notes found in cash deposited at bank in Kannur

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Eight counterfeit ₹500 currencies were detected in a cash deposit made at a private bank in Kannur.

The incident came to light on May 29. The counterfeit notes were allegedly detected in a bundle of cash deposited by a woman from the Echur area into her savings account.

According to the police, the woman had brought ₹4.26 lakh for deposit when bank officials identified eight counterfeit ₹500 notes during cash verification. The notes were subsequently handed over to the police.

Based on a complaint lodged by the bank manager, the Kannur Town police registered a case and launched an investigation. The police said there is no evidence at present to suggest that the depositor was directly involved in any criminal activity. Investigators are examining whether the counterfeit notes had unknowingly come into her possession through a third party and were later deposited at the bank.