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Rajkot: Crime branch busts fake currency racket

During the raid in the office bearing sign board of Rutwi Group of Companies, police found 69 fake notes resembling the new Rs 500 denomination notes issued by the Reserve Bank of India recently.

By: Express News Service | Rajkot |
December 14, 2016 6:20:40 pm

The Local Crime Branch of Kutch West police busted an alleged racket of printing counterfeit currency notes by arresting two men and seizing fake notes worth Rs 59,500 of Rs 500 denomination in the wee hours of Wednesday. Following a lead, a team of LCB raided a private office on Hirani Nagar Road in Madhapar village near Bhuj town at around 11:30 PM on Tuesday. During the raid in the office bearing sign board of Rutwi Group of Companies, police found 69 fake notes resembling the new Rs 500 denomination notes issued by the Reserve Bank of India recently. The LCB sleuths also found a colour printer, four printing ink bottles, CD of colour printer and cables, knives and pairs of scissors for cutting papers and photocopies of driving licences, PAN cards and Aadhar cards of a number of persons.

The LCB also searched Chirag Chauhan alias Dasu and Bhachubha Jadeja who were sitting in the office and recovered 27 and 23 counterfeit notes respectively from them. Police also seized two mobiles from the duo. Police said that Chauhan (26) was a native of Mota Reha but was living in Madhapar while Jadeja was a resident of Mota Reha. After the recovery of counterfeit notes, LCB detained the duo and later handed them over to B Division police station of Bhuj. Based on a complaint filed by LCB PSI YB Gohil, the B Division police booked the duo under Indian Penal Code Section 489 (a), (b), (c) and (d) for counterfeiting currency notes. The duo were formally arrested by B division police on Wednesday.

“The office premises we raided belongs to Chauhan. They had already printed 119 fake currency notes of Rs 500 denomination. In terms of design and look, the notes resemble the original to a great extent. But all of them bore a single series number. The paper quality also differs. They were at this illegal activity for the last few days. But before they could exchange those notes, we conducted the raid and busted the racket,” LCB police inspector Janal Aal told The Indian Express.

During primary interrogation, Aal further said, the duo told police that they were in debt and thought of printing fake notes to make quick money and clear the debt. In all, police have seized counterfeit notes worth Rs 59,500 and other valuables worth Rs 22,000. B Division police are probing the matter further.

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First published on: 14-12-2016 at 06:20:40 pm
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