Four Held For Printing And Circulating Fake Indian And Nepalese Currency

Delhi/Hyderabad, Oct 8 (Maxim News): Four men were arrested for allegedly printing and circulating fake currency notes of India and Nepal. 

The accused are Uttar Pradesh residents Chhavi Ram (25), Aasib (37), and Imran (26), and Bihar native Dinesh Kumar Jha (25) 

The case came to light when a police head constable searched the bag of a man roaming suspiciously inside the ISBT-anand vihar and found Fake Indian Currency Notes (FICN) with a face value of Rs. 1.22 lakh on September 28.  The man was later identified as Chavi Ram, a senior police officer said. 

Investigations revealed that Dinesh Jha was the mastermind of the gang, which was in contact with Nepal-based numbers.  Later, two suppliers _ Aasib and Imran were arrested from Uttar Pradesh, Badaun, Deputy Commissioner of Police  (East) Amrutha Guguloth said. 

Chhavi Ram revealed to the police that Dinesh Jha had a huge cache of fake currency.  On Wednesday, the police nabbed Dinesh Jha from his home, the officer said.  Jha disclosed that he began by smuggling FICN obtained from associates in Nepal on a 10 percent commission, 

Later, he started printing fake currencies of both India and Nepal at his home.  To smuggle the fake currency, he formed a gang of Chhavi Ram, Aasib, Imran, and Islam now lodged in a Bihar jail.  Jha was earlier arrested in a case under the Unlawful Activity Prevention Act (UAPA) in Bihar, the police added. 

The police seized FICN with a face value of Rs. 18.54 lakh and fake Nepalese tender of Rs. 46.60 lakh face value, a good quality automatic color printer/scanner, and other raw materials from the accused, they added.  (Maxim News)

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