Amritsar, Feb 16 (UNI) Amritsar police has busted a racket of counterfeit currency and arrested five persons after recovering counterfiet Indian currency of Rs 40,000, police today said.
Amrik Singh, a resident of Rajasansi along with one Gurbej Singh of Sohian Kalan village has been arrested with fake currency of Rs 20,000.
However, one of his associate Ranjit Singh Bittu of Ramdas village is absconding. One sophisticated printer has also been recovered from their possession.
He has been indulging in this racket since long. Earlier, he was arrested in May last year with fake currency of Rs 75,000.
In another case, Sadar police has arrested Inderjit Singh alias Sabi and Mangat Singh of village Heir and Baljit Singh of Kamboj village with fake currency of Rs 20,000.
Inderjit was earlier arrested in a similar case in 2005 and was sentenced to 3 years imprisonment.
The police has registered two cases under Sections 489A, B and C of IPC and further investigations were on.
UNI XC JN BP2039