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The Mumbai Police Crime Branch on Tuesday arrested two persons from Bihar with counterfeits of Rs 50 notes worth Rs 2 lakh in face value. They said the arrests have exposed an alarming new trend in the fake currency racket that of producing fakes of lower denomination notes as against the previous instances of Rs 1,000,Rs 500 or Rs 100.
The accused were identified as Mohammed Yasin Sayyed (22) and Mohammed Masjid Ansari (40). Sayyed,a plumber by occupation,is a resident of Bisamparamor in Thana Town of Bihars Sivan district,while Ansari is a hawker residing at Kagji Mohalla in Thana Town.
Working on reliable information,a team from Crime Branch Unit 7 laid a trap near Ghatkopar (East) railway station on Tuesday and nabbed the two accused. They were found carrying counterfeit currency notes. A total of 4000 fake notes of Rs 50 denomination with a total face value of Rs 2 lakh were recovered from the duo, said a Crime Branch officer. As many as 40 bundles of 100 counterfeit notes each were seized from the accused,the police said.
Prima facie it appears that these notes were printed by the associates of the accused on sophisticated digital machines in Sivan. These counterfeits match up extremely well to genuine notes. The paper used is of a high quality,and the embossing feel and the water mark tend to deceive even an expert. It is a rare phenomenon that a Rs 50 note has been counterfeited. The fake notes generally seized are of Rs 1000,Rs 500 or Rs 100 denominations, the Crime Branch officer said.
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