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Fake currency racket unearthed

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  • Fake currency racket
    Accused arrested with fake currency by Ludhiana police. Express photo
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    With the arrest of two people, the Ludhiana Rural Police claim to have busted a gang involved in manufacturing and circulating fake currency.

    Harinder Singh Chahal, SSP, Ludhiana Rural, informed that the police party headed by SI Jagjit Singh, CIA staff, Jagraon, recovered fake currency worth Rs 64,000 from these people.

    Those arrested include Harjit Singh, a resident of Pandori Takhatgath village in Taran Taran district, and Bhagwan Das a resident of Basti Jodhewal in Ludhiana.

    Chahal said, “Harjit Singh used to come and live with Bhagwan Das and both are involved in this crime. These people used to manufacture and then sell the fake currency notes. We have recovered fake notes of Rs 100 denominations.”

    “We are trying to establish as to where this currency was headed for and from where did these two people procured the raw material for printing these notes. Very soon, we will be able to unravel the entire gang,” added Chahal. An FIR, meanwhile, has been registered against the two accused.

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    In another breakthrough, a team of Ludhiana Rural Police CIA staff, headed by incharge Tehal Singh nabbed four people, Dinesh Chaudhry, Qyammatdin, Gurmeet Singh and Jatinder Kumar, all residents of Ludhiana, and recovered four stolen motorcycles and a .12 bore revolver from them.

    Tehal Singh informed, “We had set up a naka at the canal and when these people came up there, we stopped them and asked them to show the papers of the vehicles which they failed to produce. On questioning them, we came to know about the stolen bikes and the revolver.” An FIR has been registered against the four accused.

    Soft Indian laws and no POTA congress regimeBy: Rajat | 07-Nov-2009 Reply | Forward I doubt that only 64K rupees would have been recovered from the counterfeiters. Govt. is trying to hide the real amount recovered so that their is no panic spread in the public? India must make tough laws to punish these criminals or traitors of India.
    Fake currency nexus with politician, police and public?By: Rajat | 07-Nov-2009 Reply | Forward It seems that Pak sponsored fake currency racket spread across India has a strong political backing and some center govt. minister or some other politician may be involved in it. Just looking at the vocabulary of news, Dawood gurgas, Nepal link, police lured and govts acceptance that fake currency racket is at highest swing ever. If this menace is not stopped India will become a failed state. Earlier Silver ribbon notes (if fake) use to come out of the HDFC ATM, Sector 15 Market, Faridabad in a fixed ratio but today all the 500 Rupee notes were of silver ribbon (suspected fake notes) instead of green notes (original). I wonder how such a large scale looting of Indian currency can happen without any central politician hand in it. Are the notes in HDFC ATM, Sector 15 Market, Faridabad and many other ATMS, shops around India are counterfeits? Are some parasite and politicians around our localities making a phenomenal growth by virtue of income though fake
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