MP: Inter-state fake currency racket busted; 4 held

The official said the person arrested from Durg had set up a mini-factory at his home.Fake currency notes worth Rs 54 lakh were seized from his possession, he said, adding that the consignment was to be supplied to southern states. The official said material for printing more fake notes worth Rs 1 crore was seized from his possession.

Madhya Pradesh police have busted an inter-state racket of manufacturing and circulating fake currency notes and arrested four persons in this connection, a senior official said. The police also recovered fake notes in the denominations of Rs 2,000 and Rs 500 with a total face value of Rs 54 lakh, Superintendent of Police Pradeep Sharma told reporters on Sunday. The gang was involved in supplying fake currency notes to southern states also, he said. On June 26, the police arrested two persons from Jirapur in Rajgarh district with fake currency notes of Rs 2,000 denomination and having a face value of Rs 1 lakh, he said.

On the basis of information received during their questioning, the police later arrested two more persons, including one from neighbouring Agar Malwa district and another from Durg in Chhattisgarh. The official said the person arrested from Durg had set up a ''mini-factory'' at his home.

Fake currency notes worth Rs 54 lakh were seized from his possession, he said, adding that the consignment was to be supplied to southern states. The official said material for printing more fake notes worth Rs 1 crore was seized from his possession. During the questioning of the accused, it came to light that fake currency notes worth Rs 50 lakh were supplied to different people since February this year, the official said. Five printers, two paper cutters, a laptop, another computer, water mark frame, ink and papers used for printing counterfeit notes were also recovered from the person arrested from Durg, the official said.

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