Mohali, Nov. 15 -- Mohali police have busted an interstate fake currency syndicate operating across Punjab, Haryana and neighbouring states, seizing Rs.9.95 crore in fake and demonetised notes in Dera Bassi. The same accused allegedly cheated a Phase 4 Mohali jeweller of Rs.7 crore through a carefully crafted currency exchange scam.

The Dera Bassi Police arrested two men, Sachin and Gurdeep, both from Kurukshetra, after intercepting their white Scorpio-N near the Ghaggar bridge based on a tip-off.

During the probe, police uncovered that the duo visited the jeweller's shop pretending to buy jewellery and told him they were exchanging old Rs.2,000 notes, offering him a 10% commission if he arranged clients.

Trusting the scheme, the victi...