Kochi: Police seize fake currency worth Rs 1.8 crore, 5 arrested

KOCHI: Kochi city police and the anti-terrorism squad (ATS) of the state police seized fake currency to the tune of Rs 1.8 crore from Coimbatore in a joint operation and arrested five people on Thursday. The seizure was made in an operation which began on Wednesday late night and continued through the early hours of Thursday.

According to police, follow-up investigation by Udayamperoor police into the seizure of fake currency amounting to Rs 1.74 lakh on March 27 led the police to the Coimbatore gang.

City police commissioner Nagaraju Chakilam said that the inputs from DIG Anup Kuruvila John who heads the ATS of the state police was instrumental in the operation.

The arrested have been identified as Rasheed from Thrissur, Syed Sultan and Ashraf Ali from Coimbatore and two others who were arrested in the early hours of Thursday. With this, the total number of arrested persons in the Udayamperoor fake currency case has risen to nine. Police have also seized scanners and printers from the accused. The seized fake currencies were in the denomination of Rs 2,000.

Senior officers said that the accused had circulated about 90 currencies of Rs 2,000 denomination at various places and the sleuths tracked and seized each one of those bills. The core members of the racket used to provide two Rs 2,000 fake notes to the secondary links for a single original currency note of the same denomination.

https://timesofindia.indiatimes.com/city/kochi/police-seize-fake-currency-worth-rs-1-8-crore-5-arrested/articleshow/82202238.cms