Racket Involved in Making Fake Currency Busted by UP Police

Fake Currency Racket

Recently, five people of an international racket were arrested when fake currency worth Rs.16 lakh approximately were recovered from them.

Besides, equipment to print them were also found that are now seized, half-prepared currency notes worth Rs.1.07 lakhs, the genuine currency worth Rs.27,00, one USD and Kyat Currency, Malaysia of Rs.500 were also recovered from them. Police have also recovered a computer, printer, PAN card, identity documents, debit card, passport and an Internet router.

The culprits involved in the printing of fake currency and are now arrested are Mushtaq Ahmed Khan Gojar, resident, Bandipora district, Jammu and Kashmir; Praveen Kumar, resident, Kanpur Dehat district; Pankaj Saini, Moradabad district, Neeraj Saini and Gajendra Saini, Amroha have been arrested.

The police said, “Pankaj Saini, Neeraj Saini and Mushtaq Ahmed Khan Gojar were arrested from Hasanpur in Amroha while Gajendra Saini was arrested from Moradabad, and Praveen Kumar was arrested from Gurugram’s DLF Colony.”

In this regard, a case has been registered for possession of forged or counterfeit currency-notes; counterfeiting currency-notes; using as genuine, forged or counterfeit currency-notes; and making or possessing instruments or materials for forging or counterfeiting currency-notes or bank-notes.