Inter-state fake currency racket busted in Gujarat
With the arrest of four persons, the Gujarat Anti Terrorist Squad ATS claimed to have busted an inter-state fake currency racket.india Updated: Aug 01, 2009 22:52 IST
With the arrest of four persons, the Gujarat Anti Terrorist Squad (ATS) on Saturday claimed to have busted an inter-state fake currency racket.
The ATS team on Friday arrested Bahadursinh Chauhan and DG Padvani near Godhra and recovered fake currency notes with a face value of Rs eight lakhs, ATS IG Ajay Kumar Tomar told reporters.
"We recovered 200 notes of Rs 1,000 denomination and 1,200 notes of Rs 500 denomination from Chauhan and Padvani," Tomar said, adding, "Padvani is an employee of BSNL in Godhra while Chauhan belongs to Nani Ranpur village near Dahod."
"During interrogation, they disclosed that they had supplied fake currency notes to one Rajkot-based Chintan Jaisukhbhai and one Junagadh-based Milan Maheshbhai," he said, adding that the two were also arrested later.
The notes seized are of "very high quality, printed with high precision and were introduced into the financial system from Nepal," the ATS officials said.
"These notes are believed to have been printed from a neighboring country as the papers used to print the notes are of high standard and are imported from Germany, which are strictly given to a sovereign country only," Tomar said.