Fake Rs 2,000 notes in Mohali: Tech misuse by students for crime not new | punjab$chandigarh | Hindustan Times
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Fake Rs 2,000 notes in Mohali: Tech misuse by students for crime not new

In May 2016, police arrested three including an engineering student for printing and circulating fake currency in the SAS Nagar market. Srinagar resident Adil, a student of an engineering college in Banur, was the mastermind behind the racket that he ran with two unemployed men, Bhawanigarh resident Neeraj Joshi and Malout resident Gain Singh. Adil scanned real notes and printed counterfeit money which Neeraj and Gain circulated in the market

black money crackdown Updated: Dec 03, 2016 12:10 IST
Shailee Dogra
notes

The fake currency racket accused in police custody in Sohana, Mohali, on Wednesday , November 30.(HT File Photo)

The arrest of an engineering graduate for printing fake currency has brought to the fore how technology is being misused by students.

Abhinav Verma, an engineering graduate, was arrested for printing fake notes in the new Rs 2,000 denomination and currency worth Rs 42 lakh recovered from him on Wednesday. This is not new as earlier too students of a private engineering college were arrested for printing fake notes in SAS Nagar (Mohali).

In May 2016, police arrested three including an engineering student for printing and circulating fake currency in the SAS Nagar market. Srinagar resident Adil, a student of an engineering college in Banur, was the mastermind behind the racket that he ran with two unemployed men, Bhawanigarh resident Neeraj Joshi and Malout resident Gain Singh.

Adil scanned real notes and printed counterfeit money which Neeraj and Gain circulated in the market. The three were arrested after police raided their paying guest accomodation in Kumbra. They recovered 18 notes of Rs 100 denomination, along with a laptop and printer.

Cops had pointed out that the accused scanned the notes and printed Rs 100 and Rs 50 denominations. They avoided printing higher denominations to avoid being caught because hardly anyone checked notes of smaller denominations.