Contractor makes bail in counterfeit currency case

GANGTOK, 23 Jan: Roshan Agarwal, arrested by the Sikkim Crime Branch on charges of possessing counterfeit currency, was released on bail today, two days after his arrest. The class-A contractor had filed an application for bail which came up for hearing at the East District Courts today. It is informed that the court granted him bail on the condition that he does not leave Namchi town [where the case is booked]; furthermore he is to report to the investigating officer at the Namchi Thana as and when required.
The accused has been booked by the CID on charges of possessing counterfeit currency and of trying to use fake currency as genuine while knowing it to be fake. He was arrested on Saturday following which he developed medical complications and was admitted at the Namchi hospital. He was later shifted to the STNM Hospital, Gangtok. He was reported to be suffering from anxiety.
The Crime Branch had been tipped off by sources that Roshan Agarwal had deposited some fake currency notes at a bank in Namchi; here, it is informed, that the police recovered fake notes worth Rs. 22,000. The CID had been tipped off by its sources on the ‘circulation’ of such fake Indian currency notes and had got into action and made the arrest. The accused is facing charges under 489 B and 489 C of the Indian Penal Code. The case is under investigation.