Nigdi police arrested two sisters for allegedly printing and circulating fake Indian currency notes (FICN) Sunday. Police identified the women as Savita Omchand Kagda (24) and Babita (22), residents of Parsi chawl, Dehu Road.
FICN worth Rs 43,320 was recovered from their residence.
Deputy Commissioner of Police (zone III) Shahji Umap said Monday that the two sisters purchased key chains worth Rs 50 from Raziya Bankari near Bhakti Shakti junction in Nigdi around 8 pm Sunday. The sisters gave FICN of Rs 500 to Bankari and took Rs 450 back from her. Bankari informed the police when she realised the note was fake.
Police naik Rajendra Borse and constable Jadhav reached the spot and nabbed the sisters.
The police seized FICN worth Rs 1,850. Assistant Commissioner of Police Shivaji Shelar instructed the police to raid their residence. A team recovered more FICN of Rs 43,320 along with Rs 11,130 in original currency, a computer, scanner, printer, photocopy machine and 70 GSM blank white papers.
Police said the two sisters used to print photocopies from original currency notes of Rs 10, 50, 100 and 500 using the machine. They used to get these photocopies printed on white 70 GSM paper, which is commonly used and easily available.
Savita is B.Com graduate and Babita is an SSC pass. Both are unmarried and natives of Haryana.
Umap said, “We feel there are more persons involved in this racket. We are investigating from whom the duo got the idea. They were mainly targeting low profile road-side vendors who would not easily notice that the currency notes were fake. Investigation revealed that they planned to print more FICN to circulate during Ganesh and Navratri festivals.”
Police said a brother of the two sisters works as a conservancy staff in Dehu Road cantonment and another brother is a social worker. Umap said that details of his “social work” are bring investigated. The Kagad sisters have been booked under section 489 (b) (c) of the IPC.