Four arrested with fake currency notes of Rs 1.90 lakh face value

By: |
Ahmedabad | Updated: Sep 09, 2017 11:33 PM

City crime branch has seized fake currency notes of Rs 2,000 denomination with a face value of Rs 1.90 lakh and arrested four persons in this connection, police said today.

fake currency, fake currency notes, City crime branch, financial crisis, demonetisation, denomination, quick money, Rs 1.90 L face valueCity crime branch has seized fake currency notes of Rs 2,000 denomination with a face value of Rs 1.90 lakh and arrested four persons in this connection, police said today.

City crime branch has seized fake currency notes of Rs 2,000 denomination with a face value of Rs 1.90 lakh and arrested four persons in this connection, police said today. Acting on a tip-off that four persons involved in circulating fake currency notes were coming to Ahmedabad from Himmatnagar, the police arrested four persons late last night as soon as they entered the city, crime branch inspector KG Chaudhary said. They were arrested from Chiloda circle on SP Ring Road on city outskirts, he said. The arrested persons were in possession of fake currency notes of Rs 2,000 denomination with face value of Rs 1.90 lakh, he said. They were identified as Sanjay Giri, Paresh Parmar, Narendra Parmar and Dharmendra Rathod, he said. “One of the four persons is an engineering diploma holder and has knowledge of computer. Upon questioning, they revealed that they were in financial crisis and wanted to make quick money which is why they started printing fake currency notes,” Chaudhary said.

They set up a makeshift unit at a farm house in Himmatnagar town using colour printer, cartridge, and papers and started printing fake currency notes of various denominations like Rs 50, Rs 100, and Rs 2,000 which they managed to circulate in local markets there, Chaudhary said. “They were planning to circulate the notes in Ahmedabad market. We arrested them from Chiloda circle as soon as they entered the city,” he said, adding material used for printing the notes was also seized and further investigation was on.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1West Bengal Election 2021: Smaller parties rally behind Mamata Banerjee to take on BJP might
2Rahul Gandhi targets govt over price rise issue
3Supreme Court quashes 27% OBC reservation in Maharashtra Zilla Parishad polls, says total reservation ceiling of 50% can’t be breached