Srinagar: Police on Thursday claimed to have busted a fake currency racket and arrested three persons with counterfeit currency notes in central Kashmir’s Budgam.
As per police, during Naka checking at Narbal, a police party intercepted one vehicle driven by one Taufeeq Hussain Khawaja, a resident of Baliharan Singhpora Pattan Baramulla and during search, printed counterfeit currency notes worth ₹45,000 were recovered from the vehicle.
It was said that 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 two 02 printers, one paper cutter,two reams of bond paper, one mobile phone and 10 number of bond papers with printed ₹ 100/= fake currency notes.
During sustained questioning, the accused also revealed names of his two associates namely Farooq Ahmad Ganaie, a resident of Kalsari Pattan and Abdul Hamid Ganaie, a 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,” said police.
However, 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.