Wednesday, Sep 18, 2019 | Last Update : 12:26 AM IST

Police seize fake currency worth Rs 1.4 lakh, arrest man

THE ASIAN AGE.
Published : May 20, 2019, 6:33 am IST
Updated : May 20, 2019, 6:33 am IST

The officials said that the accused was also in possession of at least 14 mobile phones and SIM cards, which is suspicious.

The police arrested a 42-year-old person from Amrut Nagar area, who is suspected to be part of a larger racket and seized the forged currency notes from his possession. (Photo: PTI | Representational)
 The police arrested a 42-year-old person from Amrut Nagar area, who is suspected to be part of a larger racket and seized the forged currency notes from his possession. (Photo: PTI | Representational)

Mumbai: In a latest seizure of Fake Indian Currency Notes (FICN), the Mumbra police seized new notes of the Rs 500 denomination worth Rs 1.46 lakh, following information from central investigation agencies on Saturday.

The police arrested a 42-year-old person from Amrut Nagar area, who is suspected to be part of a larger racket and seized the forged currency notes from his possession.

The arrested accused, Wasim Shaikh alias Jasim, is a Amrut Nagar resident. The officials said that the accused was also in possession of at least 14 mobile phones and SIM cards, which is suspicious.

“The accused is being questioned about the purpose of possessing the currency notes and multiple phones. He was on the radar of the central agencies and the information of the presence of the fake currency notes was shared with us following which the seizure took place,” said an officer of the Thane police.

A team of Mumbra police station raided his apartment and upon searching it found 164 FICN kept there upon further search, the mobile phones were also recovered. The police said that Shaikh was questioned about the same but he replied evasively. The police then booked him in the case and formally arrested him.

The mobile phones will be sent for a forensic analysis at Kalina to recover the data stored in it and also to identify the persons with whom he was in contact.

The officials said that the contacts of larger racket and his accomplices will be recovered. His travel history is also being scrutinised and a team from the central agency would also question him.

A case has been registered against him under sections 489 (B) (to use forged currency notes as genuine) and 34 (acts of common intention) as per the Indian Penal Code (IPC) and further probe is underway.

Tags: fake indian currency notes, indian penal code