Cops bust fake currency racket, eight arrested

by news
July 9, 2015

Bengaluru: With the arrest of eight persons, the West Division police on Wednesday claimed to have busted a thriving Fake Currency racket.
Mohammed Zeenat Ali (23), Kalimuddin (23), Mohammed Mortaza (27), Mohammed Nazeemuddin (31), Abdul Bari (24), Munirul Islam (26), Azad Sabze (20) and Mohammed Muzaharool Haq (27), all hailing from Malda district of West Bengal were arrested by the police.

The police have seized notes of denominations Rs 1,000 worth Rs 3.07 lakh and Rs 500 worth Rs 43,000.

The gang was nabbed when two members bought some goods with fake currency from a shop. The shopkeeper detected that the notes were fake and alerted the police, who arrested the duo.

During interrogation, they revealed the involvement of other members, who were later arrested. Police said the accused got a 30 per cent commission for every fake note of Rs 1,000 denomination they pushed into the market. Lured by the prospects of making easy money, the accused had come to the city.

A team has been further investigating the matter. Basaveshwar Nagar police have registered a case in this regard.