1 more arrested in fake currency case; kingpin remains elusive

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Follow us:WhatsappFacebookTwitterTelegram.cls-1{fill:#4d4d4d;}.cls-2{fill:#fff;}Google NewsThe Central Crime Branch (CCB) on Tuesday said that it arrested one more person for circulating counterfeit currency, while the main accused who supplied the fake notes still remained elusive.Police said five persons, including P Selvaraj, a constable attached to the Thanjavur unit of the Railway Protection Force, had already been arrested by them in connection with the counterfeit currency case.The arrests were in pursuance of a complaint received from Premkumar, Bank Manager, ICICI, CIT Nagar. Selvaraj had deposited Rs 30,000 at the bank of which 26 notes in the denomination of Rs 500 were found to be fake. Selvaraj was subsequently arrested. Further investigations led to a quartet — Mohammad Jaffer, Gangaiamaran, Ravichandran and Chandrasekar — who were also arrested.Another person, MA Nagoor Kani alias Nagoor, who was suspected to be involved in the counterfeit racket, was arrested on Tuesday. During interrogation, Nagoor confessed that he had released the fake notes, sourced from one of his friends during gambling. Nagoor had given Rs 27,500 in exchange of counterfeit currency with a face value of Rs 50,000. Police also seized 36 notes of Rs 500 denomination and an expensive mobile phone.Police sources said that the currency notes would be tested for their genuineness. A case under Sections 489(b) (Using as genuine, forged or counterfeit currency-notes or bank-notes) and 489 (c) (Possession of forged or counterfeit currency-notes or bank-notes) of IPC was lodged. Police had also intensified their search to nab the kingpin of the racket.first published:August 29, 2012, 08:25 ISTlast updated:August 29, 2012, 08:25 IST
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The Central Crime Branch (CCB) on Tuesday said that it arrested one more person for circulating counterfeit currency, while the main accused who supplied the fake notes still remained elusive.

Police said five persons, including P Selvaraj, a constable attached to the Thanjavur unit of the Railway Protection Force, had already been arrested by them in connection with the counterfeit currency case.

The arrests were in pursuance of a complaint received from Premkumar, Bank Manager, ICICI, CIT Nagar. Selvaraj had deposited Rs 30,000 at the bank of which 26 notes in the denomination of Rs 500 were found to be fake. Selvaraj was subsequently arrested. Further investigations led to a quartet — Mohammad Jaffer, Gangaiamaran, Ravichandran and Chandrasekar — who were also arrested.

Another person, MA Nagoor Kani alias Nagoor, who was suspected to be involved in the counterfeit racket, was arrested on Tuesday. During interrogation, Nagoor confessed that he had released the fake notes, sourced from one of his friends during gambling. Nagoor had given Rs 27,500 in exchange of counterfeit currency with a face value of Rs 50,000. Police also seized 36 notes of Rs 500 denomination and an expensive mobile phone.

Police sources said that the currency notes would be tested for their genuineness. A case under Sections 489(b) (Using as genuine, forged or counterfeit currency-notes or bank-notes) and 489 (c) (Possession of forged or counterfeit currency-notes or bank-notes) of IPC was lodged. Police had also intensified their search to nab the kingpin of the racket.