Police bust fake currency racket in Belagavi, 6 held

During interrogation, the accused confessed to exchanging Rs 6 lakh of fake currency for Rs 1 lakh in genuine notes

Salar News

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  • The police have seized items worth around Rs 5,23,900 in connection with this case. PHOTO: SALAR

BELAGAVI, 3 JULY


The Gokak police have busted a gang involved in the printing and circulation of counterfeit Indian currency notes within the district. In a cinematic heist plot they apprehended six individuals, seizing a total of 6,792 counterfeit notes in denominations of Rs 100 and Rs 500. The arrested individuals are Anwar Muhammad, Salim Yadawad from Arabhavi, Mudalagi taluk,  Saddam Musa Yadahalli from Mahalingapur, Ravi Channappa Hagadi, Dundappa Mahadeva Onashenavi and Vitthala Hanumanta Hosakoti.

 

During interrogation, the accused confessed to exchanging Rs 6 lakh of fake currency for Rs 1 lakh in genuine notes. The police have seized items worth around Rs 5,23,900 in connection with this case. The counterfeit notes were printed and distributed from a house in Arabhavi village of Mudalagi taluk. The investigation revealed that these fake notes were circulated in multiple locations, including Mudhola, Mahalingapur, Gokak, Hidal, Belgavi, and Dharwad.

 

District Superintendent of Police Bhima Shankar Guleda said, " The items used by the accused in the printing process, including a computer, CPU, printer, screening board, paint, shining stickers, decoying powder, printing paper, cutter blades, six mobile phones, and a white car worth Rs 5,23,900, have been confiscated." He urged the victims of the counterfeit operation to come forward and file complaints. Salar News

 

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