Mumbai: Three held with Rs 3 Lakh in fake currency

The three were identified as Barak Shaikh (36), Saifuddin Momin (33) and Musloddin Momin (44), all natives of Malda, West Bengal.

By: Express News Service | Mumbai | Published:May 11, 2016 12:05 am

THE MUMBAI Police Crime Branch arrested three persons Tuesday with fake Indian currency notes (FICN) of over
Rs 3 lakh.

The police found 200 fake notes of Rs 500 denomination and 202 fake notes of Rs 1,000. They said the accused had ‘purchased’ the fake currency of Rs 3 lakh by paying around Rs 1.5 lakh in genuine currency. While the fake notes were ‘high quality’ ones, they were identified as fakes after the watermark on the notes started coming off.

An officer from unit 3 of the Mumbai Police Crime Branch that arrested the trio said they had received a tip-off about three persons who would be coming to Senapati Bapat Marg in Parel to use the fake currency. As a police team laid a trap, the three accused appeared near a bus stop in the area. The three were identified as Barak Shaikh (36), Saifuddin Momin (33) and Musloddin Momin (44), all natives of Malda, West Bengal. Malda has been in news in the past as an important point for smuggling of fake currency to India through the Bangladesh border.

The police team apprehended them and found them to be allegedly in the possession of fake currency notes of Rs 500 and Rs 1,000. Accordingly, the three were placed under formal arrest. An officer said investigations had revealed that the trio had taken the currency from another person in Malda who was their handler. “Investigations are on in the case and more arrests are likely,” said an officer.

For all the latest Cities News, download Indian Express App

  1. No Comments.