July 11, 2015 8:53:30 pm
The Jammu Kashmir Police have arrested two people with counterfeit Indian currency worth Rs three lakh and busted a gang involved in the circulation of fake currency in the militancy infested state.
Identifying them as Abdul Rashid of Bijbehara in Anantnag and Abdul Gani of Gandoh in Doda district, both were arrested by police from B C Road near bus stand here on a tip off. Both were looking for a vehicle to go to Kashmir.
Pointing out that the seized counterfeit currency was in the denomination of Rs 500 and Rs 1,000 notes, police said that both the accused had brought it from Kolkata. They have been bringing counterfeit currency from Kolkata for the past few years, a police officer said.
Their modus operandi was simple. They used to bring counterfeit currency notes from Kolkata and after bringing it into the state, they used to sell it to local people at nearly half the value of the genuine one, the police official added.
The printing of counterfeit currency had been so fine that it was difficult for a common man to notice any irregularity. The accused have so far admitted having brought counterfeit currency notes into the state four times in the past, he added.
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