Kutch police bust fake currency racket with Pakistan link

Preliminary investigations have revealed that Ramashankar Mukhiya,his wife Shugantadevi,and one Rajesh Kaver,circulated fake Indian currency brought from Nepal through Bihar in cities and towns of Kutch district.

The fake notes were used to make purchases from the markets and the genuine notes received in exchange in the deals were deposited in their respective bank accounts operated by their source,Omprakash Gamaha,in Kathmandu.

The police said the couple belong to Nunwalia village in Bihar and have reportedly circulated fake currency to the tune of Rs 5 lakh in Kutch in the past six months,adding that they have been constantly shifting bases.

The police recovered only three fake currency notes of denomination of Rs 500,but investigations revealed that Shugantadevi had deposited a whopping Rs 74,000 in different accounts in the last 10 days.

“The notes appear almost real. We suspect they were printed in Pakistan and brought in here from Nepal,” said an officer,adding that managers of four banks called in for verification said the notes were very close to the original. This is the third fake currency racket with a Pakistan connection to be busted from Saurastra in the last two years. Similar rackets were reported from Jamnagar and Kutch earlier.