The counter-intelligence wing on Wednesday claimed to have busted a fake currency racket with the arrest of a Batala man here on Tuesday.
The accused, Manoj Kumar, was involved in printing and circulation of counterfeit Indian currency notes, inspector general of police (IGP, counter-intelligence), Amritsar range, MF Farooqui said during a press conference.
Manoj was apprehended near the Amritsar bus stand on Tuesday, following a tip-off received by the operations team in Pathankot. He was allegedly visiting the city to deliver a consignment of fake currency notes.
“A portion of the consignment containing fake notes worth Rs 7,700 in denominations of Rs 500 and Rs 100 were recovered from his possession on the spot. After quizzing him, fake notes worth Rs 1 lakh (160 of Rs 500 and 200 of Rs 100) and the printer were also recovered from his house,” said Farooqui.
A case has been registered against the accused under Sections 489-A, B, C (forging, using, possessing counterfeit currency notes) of the Indian Penal Code (IPC) at the Amritsar police station of the special operations cell.