Pune fake currency racket: Six accused including Army Jawan sent in police custody

Pune fake currency racket: Six accused including Army Jawan sent in police custody

Pune: A day after the Pune police busted the racket of fake currency worth Rs 87 crore in which a Military personal along with five others were arrested by Pune police has been remanded to police custody till June 15.

On Wednesday the Pune Police's Crime Branch Unit 4 along with the inputs of Military Intelligence had worked jointly for this operation. Police raided Sanjay Park area in Vimannagar area on Airport road and seized one toy pistol, including fake currency of Rs 87 crore, Rs 2.90 lakh cash and also fake US dollars.

FIR was registered at Vimannagar police station by Sub-Inspector Nileshkumar Mahadik under relevant sections of Indian Penal Code comprises sections 489A,489B,489C, 420 and 34. The investigation is led by Senior Inspector Anjum Bagwan.

Police had arrested Shaikh Alim Gulab Khan (36), JCD Park, Yerawada who is deployed as Naik at Bombay Sappers. Sunil Badrinarayan Sarda (40) Kondhwa, Ritesh Ratnakar (34), from Navi Mumbai, Tufail Ahmed Mohd Ishaq Khan (28), Abdulgani Rehmtullah Khan (43) and Abdul Rehman Abdul Gani khan (19), all three from Thane.

On Thursday, all were produced before the judicial magistrate first class and demanded police custody till June 15.

Assistant Public Prosecutor Nitin Konge argued that police are investigating the case and demanding police custody to know where they used to print and how long they operated. It's a huge link between Pune and Mumbai. An in-depth investigation is needed.

Speaking to Sakal Times Deputy Commissioner of Police (Crime) Bachchan Singh said, "On examination, the currency has been found to be mainly token currency. The source of currency is being investigated. The total value of such currency is tuned to Rs 87 crore."

"Real currency worth Rs 2.90 lakh were used to cover the bundles while making deals. So far in the investigation, the suspect used to send videos of the currency to gullible people having black money and make Hawala deals. Later they cheat them by giving fake or token notes covered with few real notes. They seemed to have cheated quite a few people with this modus," he added.

 "Since the amount involved is huge, further investigation is going on to find involvement of more people involved in this racket and the beneficiaries of the crime. We also request and appeal to people who have been cheated by such methods to come forward and share details with us.The quality of the notes will be checked in due course by experts. Many of the notes are marked 'Children Bank of India' which we are probing," Singh concluded.

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