In a shocking development, two freshly minted notes of Rs 2,000 were recovered from the bodies of the two terrorists, who were gunned down today in an encounter with security forces in Bandipora, Jammu and Kashmir.
The Army and the police in a joint operation had cordoned off the area to smoke out the two terrorists who were holed up and had opened fire, thus engaging in a heavy gunbattle early in the morning.
Yesterday, four masked men with arms along with them entered into a bank at a state-run Jammu and Kashmir branch in Malpora and left with Rs 13 lakh largely comprising of the scrapped 500 and 1,000 note currencies.
Earlier, three masked men had looted a bank of Rs 2.25 lakh in Kulgam district on October 25.
While announcing the radical step of demonetisation on November 8, Prime Minister Narendra Modi has assured that this move was targeting tax evasion, corruption and forgery and also stressed that terror attacks including those facilitated by Pakistan often include counterfeit 500-rupee notes.