India News | Fake Currency Racket Busted in Budgam, Three Arrested

Srinagar, Dec 23 (PTI) With the arrest of three persons on Thursday, a fake currency racket has been busted in Budgam district of Jammu and Kashmir, police said here.

The cops also recovered counterfeit currency notes with face value of Rs 45,000 and other tools from a vehicle at Narbal crossing, a police spokesman said.

Also Read | Delhi Cough Syrup Poisoning: NCPCR Asks AAP Govt to Ensure Dextromethorphan is Not Used.

He said the driver of the vehicle --Taufeeq Hussain Khawaja -- was taken into custody and on his instance two of his associates, involved in circulating the fake currency notes in the market, were also nabbed.

"During the course of investigation, Khawaja confessed his involvement in printing fake currency notes at his house at Baliharan Singhpora Baramulla. A raid was carried out at his house, during which two printers, one paper cutter, two reams of bond paper, one mobile phone and 10 bond paper sheets with Rs 100 denomination fake currency notes were recovered," he said.

Also Read | Karnataka Assembly Passes Anti-Conversion Bill Amid Opposition Ruckus.

His two aides have been identified as Farooq Ahmad Ganaie and Abdul Hamid Ganaie. They were also shifted to Police Station where they remain in custody, the spokesman added.

(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)