Inside Kashmir

Budgam Police arrests 03 persons with counterfeit currency

Srinagar : Police busted a fake currency racket, arrests three persons, counterfeit currency notes and other tools seized.

During Naka checking at Narbal, police party from Police post Narbal intercepted one vehicle bearing registration number Jk01AB 9599 driven by one Taufeeq Hussain Khawaja son of Mohammad Akbar Khawaja resident of Baliharan Singhpora Pattan Baramulla.
During search, printed counterfeit currency notes worth ₹45,000 were recovered from the vehicle.

Upon questioning, the said person confessed his involvement in printing fake currency notes at his home at Baliharan Singhpora Baramulla. Accordingly, a raid was carried out at his house and during search following items used for printing of counterfeit currency notes were recovered.

02 printers
one paper cutter
02 Rims of bond paper
01 Mobile Phone
10 number of bond papers with printed ₹ 100 fake currency notes.

During sustained questioning, accused also revealed names of his two associates namely Farooq Ahmad Ganaie son of Ab Ahad Ganaie resident of Kalsari Pattan and Abdul Hamid Ganaie son of Ghulam Rasool Ganaie resident of Burran Pattan who were circulating the fake currency notes in the market. All of the accused have been arrested and shifted to police post Narbal where they remain in custody.

A case FIR Number
262/2021 under relevant sections of law has been registered at Police Station Magam and further investigation into the matter is going on. More arrests and recoveries are also expected.

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