The Anti-Terrorist cell of Pune city police Crime Branch has arrested a youth in connection with the fake Indian currency notes (FICN) racket. Police have identified the suspect as Mohammad Masood Shaikh (19), native of Malda district in West Bengal. Acting on a tip off, a team led by inspector Dhananjay Dhumal laid a trap and nabbed Mohammad in Tadiwala Road area around 11.30 am Friday.
During searches, the police recovered 193 FICN of 500 denomination, 100 FICN of 1000 denomination, all amounting to Rs 1,96,500 from his possession. Police said that the FICN are of very high quality. Police sub inspector Dattatraya Maruti Kolhe lodged an offence against Mohammad at the Bundgarden police station, under sections 489 (b)( c) of the Indian Penal Code.
The police suspect that he is a part of the fake currency racket operating in Malda district, located on the India-Bangladesh border. Police said that his brother was earlier arrested by the Yerawada police in 2014 in a similar case of fake currency circulation in Pune. During interrogation, Mohammad told the police that he got the FICN consignment from Malda at a low price. He said that he wanted to earn money by circulating the FICN in Pune.
Police suspect that he wanted to give FICN consignment to his operatives in Pune, who would further circulate the fake notes in the market by various ways. Investigation is on to find out details of his accomplices and the masterminds behind the FICN racket.