Rs 2.74L Fake Notes Seized, 3 Arrested - The New Indian Express

Rs 2.74L Fake Notes Seized, 3 Arrested

Published: 05th January 2014 09:36 AM

Last Updated: 05th January 2014 09:36 AM

The city police on Saturday seized Fake Indian Currency Notes (FICN) with a face value of Rs 2.74 lakh, which were buried under sand at a construction site near Koyambedu, and arrested three persons, all natives of Assam.

It all began after an alert photocopying shop owner shared his suspicion with constable Kalidoss about a Rs 1,000 note tendered by a North Indian for recharging his mobile for Rs100 around 10.30 am, Police Commissioner S George said.

Wasim Akram, who runs a shop at New Colony in Adambakkam, handed over the 1,000 note to the police who checked it out at a neighbouring bank and found it was fake. The police went after the customer who gave the note and identified him as Delbar Hussain (21) of Balaguri village from Barpet district of Assam. He claimed he got the notes from Mohammed Koyeel (33), who worked as a private security guard at a construction site in Koyambedu. The police raided the site and seized fake notes buried in the sand. Upon interrogation, Koyeel claimed he got the notes from Sadam Hussain (22), brother of one of the three accused who were arrested for exchanging counterfeit notes at Kasimedu a few days ago. Sadam Hussain too works in the same firm.

Speaking to Express, Mount DCP Saravanan said Delbar Hussain used to get a commission of Rs 200 for each fake note he pushed with Rs 1,000 face value.  “They had brought in FICN with a face value of Rs 3 lakh. The network’s mastermind is yet to be tracked,” he said.

The police suspect that the fake notes originated either from Bangladesh or Pakistan. The case is likely to be transferred to the CB-CID.

Besides FICN, the Adambakkam Police also seized Rs 19,900 in genuine currency the trio got through exchange of fake notes.

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