Mumbai, Mar 25 (UNI) City police today claimed to have busted a gang of fake currency circulators with the recovery of fake currency worth Rs 1.68 lakh from their possession.
Speaking to mediapersons here today, Deputy Commissioner of Police (DCP) Shivajirao Bodke said on March 11, Goregaon Police received information that some people were coming to Podar Garden in Malad to deliver fake currency to a person so that it could be circulated in the market.
Police laid a trap and arrested Kailash Sharma (48), hailing from Dhanbad in Jharkhand, and Yusuf Khan (42) of Mumbai and seized fake currency worth Rs 1,00,100.
During interrogation, Sharma revealed that they used to get fake currency on a fifty per cent commission basis from Kolkata.
Following this a team of officials was sent to Kolkata, Mr Bodke said.
With the help of Kolkata Police, two more persons -- Rameshwar Saw (55) and Dhimilal Saw (52) -- were arrested on March 20. Police seized fake currency worth Rs 68,000 from their possession.
Rameshwar also revealed that the fake currency was coming from Bangladesh through one Masood Sheikh.
Mr Bodke said the accused were circulating the currency in Delhi, Mumbai and Chennai and used to get fifty per cent commission.
There is possibility of some more arrests in this connection, he added.
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