Ghaziabad Police busts counterfeit currency ring; 2 held with fake currency worth Rs 20 k

In a major breakthrough Ghaziabad Police busted a major racket involving counterfeit currency and arrested 2 accused along with machine used in printing currency. One stolen bike and Rs 20,000 fake currency was seized from the possession of the accused. The arrests were made by Kavi Nagar police that acted on a tip-off about 2 persons printing a huge quantity of Rs 100 currency notes and circulating them in market.
The accused were roaming in the market in a stolen Bajaj Discover bike and using fake currency in transactions.
At their instance from a flat in Bapudham the police seized the note printing machine and the fake currency worth Rs 20,000, besides ink and other ingredients used in making fake currency.
The duo, namely Prashant and Sunil alias Lefty told the police that they had circulated Rs 5,000 in Nepal some time back and one of their accomplices had stayed put there to circulate more currency there.
One of the accused Prashant used to work in a printing press earlier and was an expert in exactly copying and designing currency notes as the original. The accused were carrying out their nefarious activity since the last one year.
A case under sections 89 A, 489 B, 489 C, 489 D, 489 E, 420, 467, 468, 471 was registered at Kavi Nagar Police Station. reporter