Chennai: Three arrested with counterfeit notes
Chennai: The sleuths of the CB-CID arrested three persons with fake Indian currency notes in denominations of 500 and 1,000 with face value of Rs 9,99,500 from Korupkupet railway station in the city as soon they alighted from Guwahati- Bengaluru Express on Thursday.
The arrested were identified as Abdul Ismail, 25, of Mannadi, Riswan Sheriff, 28 of Chepauk and Mohamed Rafiq, 26 of Perungalathur. CB-CID officials said that the three had procured the notes from a person residing in Malda district, West Bengal.
The CB-CID sources indicated that the counterfeit notes could have originated from Bangladesh, the country through which fake Indian notes printed in Pakistan has been finding way to India through porous border.
The arrested told the police that they were planning to push the counterfeit notes into the circulation in Koyambedu market and also in north Chennai. “Suspect Ismail was involved in similar case earlier. We are checking the background of the other two,” a CB-CID official said.
Police believe that the at least four others are also part of the racket. “They collected fake currencies from a gang in Malda after depositing genuine currency notes in certain bank account numbers as instructed by the Malda gang,” the police said.
The arrested were produced them before the XI Metropolitan Magistrate Court in Saidapet. The magistrate remanded them in judicial custody till April 1.