Father-son duo nabbed in fake currency racket
A father-son duo, who allegedly printed fake currency notes using a photostat machine, was arrested today and counterfeit notes with a face value of Rs 1.38 lakh seized from them, police said.india Updated: Apr 09, 2010 18:43 IST
A father-son duo, who allegedly printed fake currency notes using a photostat machine, was arrested on Friday and counterfeit notes with a face value of Rs 1.38 lakh seized from them, police said.
Raju (37) and his son Sharath (19), nabbed by the city police at Sriramapura village, were using a photostat machine to print fake currency notes of 50, 100, 500 and 1,000 denomination, Police Commissioner Shankar Bidari told reporters in Bangalore.
The two were engaged in the racket for the past three years and used to lure gullible people offering to give Rs one lakh in return if they gave Rs 20,000.
"It took just five minutes for the accused to print a duplicate note and in the last three years they have printed fake notes with a total face value of Rs 40 lakh," he said adding they were involved in two similar cases in Bangalore.
Cautioning the public, especially those living in rural areas, to be alert about circulation of fake notes, Bidari said he would write to RBI on the issue and request them to guide the police on how to curb the crime.