India News | .Bhadrak CES16 OD-FAKE NOTES-ARRESTS Multi-state Fake Currency Racket Busted, 2 Arrested in Odisha
Get latest articles and stories on India at LatestLY. A multi-state counterfeit currency racket was busted with the arrest of two persons in Odisha, police said on Monday.
Bhadrak, May 12 (PTI) A multi-state counterfeit currency racket was busted with the arrest of two persons in Odisha, police said on Monday.
A person was caught red-handed with fake currency notes by locals in Ananda Bazar in Bhadrak Rural police station area on Saturday, DSP Sambit Kumar Majhi said.
Counterfeit notes with a face value of Rs 7,100 were seized from him, he said.
During interrogation, information was received about the mastermind of the racket, who was subsequently arrested from the Dasarathpur police station area in Jajpur district, Majhi said.
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He was earlier arrested in Andhra Pradesh in a similar case, he said.
Police seized counterfeit notes of face value of Rs 2.72 lakh from his house, the DSP said.
He ran a sophisticated network for distributing fake notes and employed advanced methods in making them, he said.
In the preliminary investigation, it was found that he used to sell counterfeit notes of Rs 1 lakh in face value for Rs 20,000 in original currency, police said.
He was also wanted in a case in Balasore district, they said.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)