Robbers who stole Rs 9.5 lakh from an ATM cash van on December 19 in Delhi didn’t splurge the money because they believed the rumors that new notes will have GPS chips embedded in it, said the police.
On Monday, police arrested three people at Pandav Nagar for the heist and seized the money and country-made pistols used in holding up the van guards.
But what is baffling about the robbers who believed that the new currency can be tracked while spending is that they didn’t have the brains to think that the same chip could lead police to their hideouts.
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Not just these robbers, even officials and some journalists in some media houses too believed with certainty that the new Rs 2000 notes will be embedded with tracking chips.
Here is a whatsapp message that did the rounds the day after Narendra modi announced demonetization.
“RBI to issue ₹2000 Rupees Notes coming February 2017
India is all set to add one more denomination to its currencies shortly. The Reserve Bank of India (RBI) will be issuing Rs 2,000 currency notes, the highest to come into circulation, even as some experts feel7 high-value denominations should be discontinued to curb black money.
The Rs 2000 currency is designed keeping in mind to eradicate the black money issues using state of the art indigenous nano technology, every Rs. 2000 currency note is embedded with a NGC (Nano GPS Chip)
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How the embedded NGC Technology Works? The unique feature of the NGC is it doesn't need any power source. It only acts as a signal reflector. When a Satellite sends a signal requesting location the NGC reflects back the signal from the location, giving precise location coordinates, and the serial number of the currency back to the satellite, this way every NGC embedded currency can be easily tracked & located even if it is kept 120 meters below ground level. The NGC cant be tampered with or removed without damaging the currency note
How will this help eradicate black money menace? Since every NGC embedded currency can be tracked. The satellite can identify the exact amount of money stored at a certain location. If a relatively high concentration of currency is found a certain location for a longer period of time at suspicious locations other than banks & other financial institutions. The information will be passed on to the Income Tax Department for further investigation
Just a beginning of the end of black money in India”
Delhi Police said the mastermind, Bittoo (29), along with Rohit Nagar (19) and Sunny Sharma (22), would study the route, travel times, parking spots and crowd to detect loopholes.
The newspaper reported that “As part of the first phase of the plan, the trio stole a motorcycle from Civil Lines and changed the numberplate with the help of Bittoo's contact in Karawal Nagar. On December 19, they followed a cash van through the day and tried to strike three times near Shakarpur, Laxmi Nagar and Nirman Vihar. But because there were too many people around, they decided not to attack. But the road near Patpar ganj crossing was relatively less crowded and the trio thought it would be easier to strike quick and escape. They opened fire to scare the guard.”
