Chhatrapati Sambhajinagar: The DCP zone-II team of the Chhatrapati Sambhajinagar city police nabbed four minors, aged between 12 and 16 years, for crowd-funding and purchasing duplicate currency notes from two middlemen, and circulating them. The two middlemen were arrested.The police have also seized 419 counterfeit currency notes of Rs 500 denomination from the arrested middlemen.Based on the complaint lodged by constable Ganesh Vairalkar, the Mukundwadi police booked six identified accused and some unidentified suspects on the charges of circulating counterfeit currency notes and criminal conspiracy.Of these suspects, the two arrested middlemen have been identified as Rahul Jawale (26), of Navnathnagar, and 19-year-old Devendra, alias Bhaiya More, of Sanjaynagar. The two were produced before the court on Saturday. They were remanded in police custody for three days. The minors were presented before the child welfare board and then sent to a remand home.Deputy commissioner of police Shilwant Nandedkar said: Over a fortnight ago, we found some partially printed counterfeit currency notes dumped at an open area. Our teams started working on various leads. They found out that some minor boys were using these counterfeit notes to purchase items in the areas of Sanjaynagar or Mukundwadi and even in the Karnapura fair.Preliminary probe carried out by sub-inspector Harish Khatavkar has revealed that a suspect, who introduced himself as Major, used to sell 100 counterfeit notes to Jawale for Rs 30,000. He used to charge Rs5,000 as his commission, and used to sell these counterfeit notes to the minors through More.Mukundwadi police station inspector Shivaji Taware said More works with a catering company and he was the one to introduce these counterfeit currency notes to the minors, who crowd-funded Rs 22,000 and got these 100 counterfeit notes of Rs 500 with a promise to pay the remaining Rs 13,000 over next few days.The officer said the accused have confessed to using these counterfeit currency notes at several shops in the past one-and-a-half months to purchase small articles.The officer said it is a big challenge even for the police to track down the counterfeit currency notes that have been pumped by these suspects into the market.In 2019, three persons were arrested from the city for printing and selling fake currency. During questioning the trio had revealed that they sold fake currency worth Rs 50,000 in nearby areas.We also published the following articles recentlyIsraels currency remains unchanged against USD, notices up against other currenciesThe value of the Shekel remained stable at the end of trading on Wednesday, after experiencing a decline since the Hamas attack in October. Additionally, the Shekel made slight gains against other currencies. Meanwhile, Israeli tanks were deployed near the border with Gaza, indicating a possible ground offensive. The Israeli Air Force continues to attack Hamas infrastructure in the area. Prime Minister Benjamin Netanyahu stated that Israel is preparing for a ground incursion to destroy Hamas, but did not provide specific details.4 yrs on, man acquitted for possession of fake currencyA 35-year-old man has been acquitted by a sessions court in Mumbai after the prosecution failed to prove that he possessed and trafficked fake currency notes. The judge ruled that there was insufficient evidence to support the allegations against the accused. The mans lawyer argued that he had been falsely implicated in the case. The prosecution was unable to provide reliable evidence of the recovery of counterfeit currency from the accused.Saint-Gobain reports declining sales on volume drop, currency headwindFrench construction materials group Saint-Gobain reported a 10.5% decrease in third-quarter sales, in line with expectations, due to currency factors, acquisitions, and weak volumes. The company attributed the results to a moderate slowdown in its markets, with a sharp decline in new construction but a resilient renovation sector. Despite challenges in the housing market, analysts believe Saint-Gobain has potential for volume growth, market outperformance, and margin resilience. The company also confirmed its outlook for the rest of the year and announced several acquisitions and divestitures.

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