STOCK MARKET BSE NSE

Fake currency racket busted

Published: 15th August 2013 01:00 PM  |   Last Updated: 15th August 2013 01:00 PM   |  A+A-

15racked

A fake currency printing racket was busted and four persons including a woman were arrested on Wednesday. The fake notes amounting Rs 42,500, huge quantity of papers and a scanner-cum-printer machine were seized.

The accused have been identified as mastermind Radhakanta Rai alias Suru (24), Chanchala Saha (42) and her son Ganesh Saha (25) besides Santosh Rana (23).

Sambalpur Sadar SDPO PK Mohapatra said on a tip-off, Ainthapali police managed to catch Rana on Tuesday  evening. During search, police recovered fake notes of 500 and 100 denominations.

On interrogation, Santosh revealed the racket and the modus operandi. Police then nabbed Radhakanta and seized four counterfeit notes of Rs1000 and 48 fake notes of Rs 500  from him, Mohapatra said.

Radhakanta who is an alumnus of Industrial Training Institute (ITI) at Hirakud and completed the course in electrical trade revealed that he printed the fake currencies in Karmapada, a hamlet of Jhariabahal village under Laikera police limits in Jharsuguda district. Consequently, a police team swooped down Karmapada and arrested Chanchala Saha and her son Ganesh from a house and seized 26 fake notes of Rs 500 and the printer machine. Chanchala along with his son was living at her paternal house at Karmapada to run the illegal trade, Mohapatra said.

Stay up to date on all the latest Odisha 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