Mumbai: Three arrested for circulating fake notes

Mumbai: Mumbai’s crime branch unit 9 busted a fake currency racket and arrested three persons for printing fake notes in denomination of Rs 2,000 worth Rs 70.08 lakh on Friday. Acting on a tip-off, the crime branch officials laid a trap and arrested the main accused, who used to print these fake notes in Nalasopara. The main accused was a DTP operator who was deep in debts and orchestrated the fraud with the help of two friends, who were also arrested, to pay back the loans. The police also seized a high-end printer, scanner and a laptop from the accused persons.     

According to sources, the police received information from their sources about a person trying to circulate fake new currency in denomination of Rs 2,000 in the financial market. The police started keeping a close eye on the movement of this suspected person, and after confirmation of their trade, the police laid a trap at Bandstand in Bandra on Friday.

Speaking to The Asian Age, API Nitin Patil said, “The accused were deeply sunk in debt, and the modus operandi was to get fast cash. The accused will be remanded in police custody till Wednesday and other members of this fraud are likely to be arrested soon.”

The source added that the three accused, aged between 25-40 years, were looking for fast cash and sought this way to earn the money without any pains. The main accused of this gang is a DTP operator who was working in a company in Nalasopara and had the resources to carry out the fraud. The police is also interrogating the trio to know who are the other players involved and how much of the fake new currency has been in circulation.