Ludhiana: 2 held with Rs 18,000 in fake currency, cross-border connection suspected | punjab$ludhiana | Hindustan Times
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Ludhiana: 2 held with Rs 18,000 in fake currency, cross-border connection suspected

The police have busted a fake currency racket with the arrest of two accused, following a tip off and recovered fake currency of Rs 18,000 in the denomination of 100 on Sunday.

punjab Updated: Feb 13, 2017 13:57 IST
HT Correspondent
The accused in police custody in Ludhiana on Sunday.
The accused in police custody in Ludhiana on Sunday.(Jagtinder Singh Grewal / HT Photo)

The police have busted a fake currency racket with the arrest of two accused, following a tip off and recovered fake currency of Rs 18,000 in the denomination of 100 on Sunday.

The police suspect that the accused seemed to have procured fake currency from cross-border gangs.

The accused have been identified as Charantjit Singh of Guru Nanak Nagar of Daba and Ramdas of Pohir village of Dehlon. Both are mini-truck drivers.

The accused were offering fake currency to shopkeepers and passengers in lieu of original notes without their knowledge near the local bus stand and the railway station, said assistant commissioner of police (ACP, North) Sachin Gupta, adding that they raided the railway station and arrested them.

“Both accused are tempo drivers. In the preliminary investigation, the accused said that they bought fake currency from a man who lives in Jalandhar. They bought Rs 20,000 in fake currency for Rs 5,000,” said the ACP.

“The accused confessed that they have distributed fake currency in the market many times. They used to target labourers, rickshaw-pullers and small-time shopkeepers, who are in want of banknotes of small denomination and are not able to make out the difference between original and fake currency,” he added.

The ACP added that the police have been trying to trace the Jalandhar man who supplies currency to the accused. The police suspect that the fake currency racket has cross-border connections.

It is second such incident in the last 12 days when police have recovered fake currency. The anti-narcotic wing of police commisionerate had seized fake currency worth Rs 1.40 lakh in the new denomination from two accused on January 31, four days prior to assembly elections. The police had recovered 64 fake notes of Rs 2,000 denomination and 24 notes of 500 denominations.