Members of the gang running a fake currency racket, for which three persons were arrested with ₹42 lakh on Wednesday in SAS Nagar, had printed Rs 80 lakh in fake currency in Rs 2,000-denomination new banknotes, it has been learnt.
The gang kingpin, Abhinav Verma (21), an engineering graduate from Chitkara University and a Dhakoli resident, had earned recognition after his product — sensors for the blind — at the Indian Science Congress 2015. The sensors can be worn on a ring to help the visually impaired detect obstacles. The other accused are Suman Nagpal (54), a Ludhiana-based property dealer, and Vishakha Verma (23) of Kapurthala, who is pursing MBA.
A local court sent the three to two-day police remand. The police have recovered a printer/ scanner, a cutter and a marker from them. Abhinav, who is into manufacturing sensors installed in sticks for the visually impaired, has an office is in Chandigarh. They were printing the fake currency at his office only. He runs a company — Live Braille in Industrial Area, Phase 1, Chandigarh, the police said.
Vishakha’s father is an engineer with the rail coach factory (RCF), Kapurthala,
“They exchanged the fake currency with the recalled Rs 500 and Rs 1,000 notes to the tune of Rs 30 lakh. They had even purchased a second-hand Audi car for Rs 20 lakh,” said HS Bal, Sohana station house officer (SHO), whose team nabbed the accused with the fake currency and an Audi with a red beacon atop it near Jagatpura T-point on airport road.
They were using the red beacon to dodge police at nakas. The car bears a Haryana number. The police said it is a 5-member gang.
“We are yet to find out how many people they have duped. They exchanged the invalidated currency after a 30% cut. Their accomplice Pramod and Harsh, who are employed as drivers with Abhinav, are yet to be arrested,” the SHO said.
Preliminary probe suggested that they managed to dupe six persons.