STOCK MARKET BSE NSE

9 Get Jail for Fake Currency Racket

Published: 18th December 2014 06:03 AM  |   Last Updated: 18th December 2014 06:03 AM   |  A+A-

CHENNAI: Nine people were sentenced to terms ranging from three to 10 years in two separate counterfeit currency cases in the city on Wednesday.

In the first case, a sessions court in Thiruvallur sentenced five persons to 10 years imprisonment in a 2009 case. According to prosecution, on March 31, 2009, Dinakaran and four others were arrested for possession and circulation of counterfeit currencies. Fake notes in the denomination of `1000, `500 and `100 for the face value of  `12.69 lakh and a motor cycle were seized. The case was investigated by the CB-CID.

When the trial came up for final hearing, the Sessions Judge convicted Dinakaran, Kothanda Rao, Ramar, Pichaikaniraja and Thiyagarajan and sentenced them to 10 years and slapped a fine of `10,000 each.

 In the second case, four persons were found guilty by a trial court here in a 2001 case and were sentenced to three years imprisonment.

According to the prosecution, on July 22, 2001, eight persons, including the prime accused Murali, were arrested for running a fake currency racket besides printing school and transfer certificates. Counterfeit currencies in the denomination of `100 for the face value of `6,900 and the photocopying machine were seized during the arrest at Anna Nagar’s Jamuna Xerox shop.

The case was transferred to the CB-CID on November 20, 2001. The Sessions judge sentenced Murali, Venkat, Kumar and Kanniappan to three years imprisonment and acquitted Pannerselvam, Thangamani, Balaji and Loganathan.

Stay up to date on all the latest Chennai news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp