• search

Nine nabbed, fake currency of five lakh seized

Written by: Staff

Mumbai, July 7 (UNI) The Detection Crime Branch (DCB) of Mumbai Police have busted a counterfeit currency racket by arresting nine people in this connection and also seized fake currency worth Rs 5.62 lakh from them.

Addressing mediapersons here today, Deputy Commissioner of Police (DCP) Dhananjay Kamlakar said the DCB unit One had received a tip-off that some people were circulating fake currency at Matunga in the North Central Mumbai.

Police raided the area and arrested two persons with fake currency of Rs 20,000 in denomination of Rs 100. During the interrogation, they revealed the names of four others and the place where the notes were manufactured.

Based on the information, police raided Hari Masjid at Shivaji Nagar in Govandi, where the four were caught and seized Rs 18,000 in denomination of Rs 100, screen printer, chemical bottles, paper and instruments from them. They have also seized half-printed currency worth Rs 20,000, he added.

Two more were arrested from an unknown place.

A police team went then to Rajkot in Gujarat and arrested one person there and recovered fake currency of Rs five lakh in denomination of Rs 100 and four notes of Rs 1,000 denomination were seized from him.

They have also recovered chemical bottles, blank papers and printing matter from Rajkot too, he said.

The arrested have been identified as Sunil alias Laxman Ratan Nikam alias Sohel Sayyed (35), Mohammed Samud Abdul Majid Sheikh alias Bablu (27), Mohammed Imran Mohammed Mujju Jani (22), Iqbal Guljar Ahmed Samani (26), Farid Mohammed Ahmed Iqbal (36), Firoz Khan Siraj Khan (29), Batukbhai Lakhman Parmar (58), Vasant Mahadeo Joshi (66) and Maganbhai Limbabhai Tati (46).

All the accused were produced before Additional Chief Metropolitan Magistrate S Y Shisode, who remanded them in police custody for 14 days, he added.


For Daily Alerts

For Breaking News from Oneindia
Get instant news updates throughout the day.

Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more