Srinagar December 23: Police on Thursday claimed to have busted a fake currency racket by arresting three persons in Central Kashmir’s Budgam district.
Budgam Police busted a fake currency racket, arrests three persons, counterfeit currency notes and other tools seized.
In a statement to SNN, the Police said that during Naka checking at Narbal, police party from Police post Narbal intercepted one vehicle bearing registration number JK01AB/9599 driven by one Taufeeq Hussain Khawaja son of Mohammad Akbar Khawaja resident of Baliharan Singhpora Pattan Baramulla.
According to police statement during search a printed counterfeit currency notes worth ₹45,000/ were recovered from the vehicle. Upon questioning, the said person confessed his involvement in printing fake currency notes at his home at Baliharan Singhpora Baramulla.
Accordingly, a raid was carried out at his house and during search following items used for printing of counterfeit currency notes were recovered 02 printers, one paper cutter, 02 Reams of bond paper, 01 Mobile Phone, 10 number of bond papers with printed ₹ 100/= fake currency notes, they said.
During sustained questioning, accused also revealed names of his two associates namely Farooq Ahmad Ganaie son of Ab Ahad Ganaie resident of Kalsari Pattan and Abdul Hamid Ganaie son of Ghulam Rasool Ganaie resident of Burran Pattan who were circulating the fake currency notes in the market. All of the accused have been arrested and shifted to police post Narbal where they remain in custody, they said.
A case FIR Number 262/2021 under relevant sections of law has been registered at Police Station Magam and further investigation into the matter is going on. More arrests and recoveries are also expected, reads the statement.