Fake currency racket: Police recover Rs 14 lakh from house of main accused at Zirakpur

The SHO said that they had sent a team to Mysuru on Saturday to find the links of Abhinav who allegedly bought papers for printing the high-end currency notes.

By: Express News Service | Chandigarh | Published:December 6, 2016 4:38 am

FIVE DAYS after the arrest of three accused in the fake currency racket, police recovered Rs 14 lakh from the house of main accused Abhinav Verma on Monday. The notes are in the denomination of old Rs 500 and Rs 1,000 currency notes which have been scrapped.

On Monday, three accused were produced in the court which sent them to 14-day judicial custody.

Confirming the recovery of the currency notes, Sohana Station House Officer (SHO) H S Bal said that they had recovered the money from Verma’s residence in Pine Homes from Zirakpur. The notes belong to the people whom the accused had duped by exchanging their notes with the fake currency notes of Rs 2,000.

“The recovery was made on the disclosure of the accused that they kept the old currency notes of Rs 500 and Rs 1,000 at their home. This is a significant recovery as the accused managed to circulate around Rs 60 lakh in the market. We have also sought details from the banks where the accused have deposited the old currency notes,” added Bal.

The SHO said that they had sent a team to Mysuru on Saturday to find the links of Abhinav who allegedly bought papers for printing the high-end currency notes.

The police, however, could nor recover the fake currency notes to the tune of Rs 40 lakh which, they said, the accused had kept at the house of their relatives in Delhi. The investigation officer, too, told the court that the accused had more fake currency notes when the trio were produced in the court.

Investigators met the officials of Yes Bank and HDFC bank where the accused have five bank accounts. Abhinav has two personal bank accounts while three accounts are in the name of his company EmbroS.

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