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Fake currency notes printing unit busted, one held in Tamil Nadu

Based on the confession made by a youth carrying large number of Rs 2000 notes, police searched a house in Velandipalayam in Coimbatore and seized fake notes.

Published: 02nd June 2018 12:01 PM  |   Last Updated: 02nd June 2018 12:34 PM   |  A+A-

Coimbatore city police seized Rs 1.03 crore of counterfeit currency notes that were printed in Velandipalayam in Coimbatore. (EPS)

By PTI

COIMBATORE: A counterfeit currency note printing unit was unearthed here today and 6,000 fake notes with a face value of Rs 1 crore were seized while one person was arrested in this connection, police said.

During a vehicle check early today, a youth was found carrying a large number of Rs 2,000 notes on his two-wheeler, they said.

The notes seized were to the tune of Rs 83 lakh, they added.

Based on the confession made by the accused, police searched a house in Velandipalayam in the city outskirts and seized more fake notes, meant for circulation, with a face value of around Rs 20 lakh, police said.

Besides, a computer, printer and a cutting machine were recovered, they said adding further investigations are on.



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