Demonetised currency seized from DMK man’s residence

COIMBATORE: Based on an input from the Intelligence Bureau (IB), the Vadavalli police searched the house of Annur union secretary of DMK E Anandan at Vadavalli and seized 935 bundles of demonetized currency notes in the denomination of Rs 1,000 on Saturday. They also seized bundles of pink colour paper.
After IB passed on information about demonetised currency notes stored in the house on Jayalakshmi Nagar on Thondamuthur Road at Vadavalli to cheat public, inspector Manivannan and team conducted a surprise check on Saturday night.They found 935 fake currency bundles. The topmost note on each bundle was demonetised currency of Rs 1,000 and the remaining 99 were pink colour papers.
Police seized the bundles, a cash counting machine, an air gun and pellets and a pink powder packet from the house. They have registered a case against Anandan 49, and his accomplices A Rasheed, a realtor from Neelambur, Sheik of Karumbukadai and Feroz, personal assistant to Sheik.
They were booked under sections 109 (punishment of abetment if the act abetted is committed in consequence and where no express provision is made for its punishment), 120 (b) (criminal conspiracy), 420 (cheating) and 489 (b) (using as genuine, forged or counterfeit currency notes or bank notes) of the Indian Penal Code and section 7 read with 5 of Specified Bank Notes (cessation of Liabilities) Act 2017.
Police have formed a special team to nab the accused. Preliminary inquiry revealed that the four were making fake currency notes to cheat people, a police officer said.
Anandan is a former district panchayat vice-president. He owns Green Home Landscapes Private Limited at RS Puram and had developed a massive residential project at Kallikanaickenpalayam here. He was arrested in 2011 on land grabbing charges and was lodged in the Coimbatore Central Prison for some time. He is facing six land grabbing cases in the city and rural areas, police sources said. The cases are pending in court.