7 held in fake currency racket | mumbai | Hindustan Times
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7 held in fake currency racket

The Kala Chowkie unit of the Anti Terrorism Squad (ATS) arrested seven people on Sunday from Santacruz following a tip off that a gang was trying to push fake currency notes into the market, the police said.

mumbai Updated: Apr 20, 2010 01:16 IST
HT Correspondent

The Kala Chowkie unit of the Anti Terrorism Squad (ATS) arrested seven people on Sunday from Santacruz following a tip off that a gang was trying to push fake currency notes into the market, the police said. They were found in possession of fake currency worth Rs 5,10,000.

Assistant Commissioner of Police, Mohan Kulkarni said the notes were in denominations of Rs 500 and Rs 1,000. “All seven arrested are from Malda district in West Bengal,” he said.

The police arrested Mohammed Mobaraq Hasanullah Husaain (28), Humayun Sameejuddin Khan alias Tullu (26), Mohammed Mukhtar Ali Abdul Hamid (22), Mehdur Sarajuddin Shaikh alias Bittu (23), Badru Mehdi Hassan Shaikh (19), Mohammed Akbar Ali Mohammed Abdul Malik Shaikh (23) and Badal Afsaar Shaikh (20).

The ATS said the fake currency pushers are improving upon the quality of the notes that are being regulated in the Indian markets. Kulkarni said the notes found from the possession of the accused have the signature of former governor Y. V. Reddy and there seems to be an improvement when compared with notes that were seized earlier.

“We had made some seizures in 2009. This time we found the lacunae in those notes had been done away with,” Kulkarni said.