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Fake currency racket busted

india Updated: Aug 15, 2006 18:19 IST

STF nabs five members of ISI-backed gang

THE STF foiled yet another attempt by the Pakistan Inter Services Intelligence (ISI) to circulate counterfeit currency in India. On Monday, a team led by ASP Rajesh Pandey arrested five members of a gang running the fake-currency racket.

Rs 1.30 lakh worth counterfeit currency in denominations of Rs 1000 and Rs 500 were recovered from the accused.

Acting on a tip-off, ASP Pandey and deputy SP Jai Prakash laid a trap and caught Deo Prakash Shukla of Indrapur, Kundan Kishore and Alok Srivastava of Railway Colony, Badgaon, all of Gonda, Dharmendra Singh of Basti district and Virendra Kumar Singh of Jaunpur district.

The cops recovered fake currency worth Rs 92,000 in Rs 1000 and Rs 38,000 in Rs 500 denomination, respectively.

The sleuths also recovered Rs 24,000 in genuine currency and five cellphones from the possession of the accused.

In the course of interrogation, Kundan and Deo Prakash, who run the racket here, revealed that they used to get fake currency from one Nasir of Veerganj district in Nepal.

The latter used to give them the counterfeit notes in exchange for 50
per cent genuine notes.

The duo said that Nasir got the fake currency from an employee of a foreign embassy in Kathmandu. Kundan said that the Nepal police had recovered a consignment of fake notes worth Rs 80 lakh of Rs 500 denomination about a month back.

They said that Nasir was supplying the fake notes to various other
states and cities across the country here.

Premier intelligence and investigating agencies were probing into the matter following information about Nasir.

Govt announces reward
THE STATE Government on Monday announced a reward of Rs 1.5 lakh to the police team that killed notorious dacoit Salim Gujjar and his aide in an encounter recently. Home secretary RM Srivastava said this award would be in addition to Rs 1 lakh that had been announced on the head of the dacoit.

The State Government also announced a reward of Rs 50,000 to the STF team that killed notorious criminal Ashish Tripathi in an encounter.

he State Government has decided to grant out of turn promotion to four policemen— Girijesh Kumar Tiwari (SI), Krishna Pal Singh (head constable), and two constables Ajay Tripathi and Karunesh Pandey.

NSA to be invoked
THE STATE Advisory Board has approved invocation of the National Security Act (NSA) against five accused who took the CO, Chowk Rajesh Sawhney on their vehicle bonnet on May 30. The five accused—Raj Vardhan Lohia, Udai Pratap Lohia, Narain Lohia, Prithvi Raj Lohia and Harsh Vardhan Lohia, had tried to crush the CO, when he stopped their vehicle fitted with red beacon and hooters.