Colva: The South Goa additional sessions court has rejected the bail application of a man accused of depositing counterfeit currency notes through a cash deposit machine, allowing adequate time for police to find the origin of the counterfeit notes.Additional sessions judge dismissed the bail plea of Dattatraya Kaginkar who was arrested by Margao police in March. “Offences involving fake currency are grave in nature as they impact the national economy,” the court noted.Prosecution counsel told the court that Kaginkar allegedly attempted to deposit 98 counterfeit Rs 500 notes into a cash deposit machine. linked to an account held by Kansul Haq at IDBI Bank’s Kerala branch, in an attempt to circulate forged currency as genuine. Police submitted a CCTV footage from the ATM and identified Kaginkar allegedly depositing the fake notes on Feb 8. The defence counsel though admitted that Kaginkar visited the ATM, and deposited Rs 4,500, but denied the allegation levelled against him.
