Counterfeit currency racket busted: MBA and engineering grad arrested

Shailendra Singh Chouhan, Additional DCP (Crime), informed that the city crime branch was alerted on Tuesday regarding two individuals of interest at the vegetable market situated on 80 feet road in Ashoka Garden.

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Courtesy: ani

On Tuesday, the city crime branch announced the arrest of two individuals, an engineering graduate and an MBA degree holder, for their involvement in printing counterfeit currency and distributing it within the city's markets. The authorities seized a colour printer, high-quality plain paper, and other tools essential for producing fake currency during the operation.

Shailendra Singh Chouhan, Additional DCP (Crime), shared that the city crime branch received a tip-off regarding two suspicious individuals at the vegetable market on 80 feet road in Ashoka Garden. The suspects were found in possession of counterfeit Rs 100 notes. The informant had alerted the police about a potential major fake currency racket that could be disrupted if the suspects were apprehended promptly.

Upon receiving the information, a police team swiftly moved to the location and apprehended the suspects, identified as Vikas Sahu (24) and Vishal Sahu (34). Vikas holds an engineering degree, whereas Vishal possesses an MBA degree. The search of the suspects led to the discovery of 36 counterfeit Rs 100 notes.

During interrogation, the duo confessed to printing the fake currency at a hideout situated in the Chhola area of the city. They have been charged under Sections 489(A) and 489 (B) of the IPC for their involvement in counterfeiting activities. The accused revealed that they utilised the counterfeit notes to conduct transactions at various markets across the city.