Nation Current Affairs 25 Jan 2018 Two arrested with fa ...

Two arrested with fake currency worth Rs 3.16 lakhs

DECCAN CHRONICLE.
Published Jan 25, 2018, 1:18 am IST
Updated Jan 25, 2018, 1:18 am IST
Police recovered currency worth Rs 49,000 from them.
The accused duo.
 The accused duo.

KOZHIKODE: Police arrested two persons in Vadakara on Wednesday morning, while they were distributing counterfeit currencies. Saleem alias Sullu (38), Bythul Mashhoora, Thazhe Angadi, Vadakara and Abdul Latheef (42), Kalathil, Melattoor, Perinthalamanna, were nabbed when police approached them on the pretext of exchanging currency. Police recovered currency worth Rs 49,000 from them.

The seized currency included notes of Rs 2,000 and Rs 500 and all of them had threads, making them look like the original currency, said Rural SP MK Pushkaran at a press conference held here. He said that more counterfeit currency worth `2,67,500 was seized from their houses, after interrogation.

 

The search operation was led by Vadakara DySP TP Premarajan and CI T Madhusoodanan. The SP said that the notes were printed in Wayanad and were looking for one more person in connection with the case.

The accused are connected to an international racket that was based in Bengaluru, said the police. When they exchange counterfeit currency worth Rs 3.5 lakh, they receive Rs 1.5 lakh original notes, according to police.

This is the third time in a row, where counterfeit currency has been seized from the rural parts of the district. Police is trying to recover more equipment including the printer used to produce the fake notes.

 

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