Merchant held for depositing fake ₹500 notes in Thane
Maharashtra Police have arrested a paper scrap merchant in Thane for allegedly possessing fake notes of the demonetised currency and depositing them in a bank, reports said on Sunday. The 30-year-old named Pankaj Kori reportedly went to a public sector bank for depositing cash amounting to ₹1.05 lakh in the defunct ₹500 notes, out of which 11 notes were fake.