The mere possession of counterfeit currency notes does not amount to an offence, Thane District and Sessions court has ruled while acquitting a city-based businessman who was found to be possessing such notes.
The 2006 case relates to two brothers Chandresh Parmar and Jignesh Parmar who offered Rs 500 note at Toll Naka which the attendant there found to be fake and informed the police.
The police frisked them and found they had six such notes and registered offences against them for possessing counterfeit currency and charged them under sections 489 (B) and 489(C) of the IPC.
During the course of the proceedings of the case, Chandresh died and the case against him was dropped.
The counsel for defence Ravindra Sonawane argued that the prosecution had not proved that both the accused were aware about counterfeit currency notes being carried by them.
The Thane District and Sessions Judge K K Sonawane agreed with the defence and observed that the notes appeared to be genuine while acquitting the accused. Mere possession of such notes could not amount to a crime, the court held.