Gujarat: Police bust fake currency printing racket; one arrested
Police in Gujarat's Jamnagar city busted a fake currency note printing racket last Tuesday and arrested a person in this connection from his residence in Shastrinagar.
Counterfeit notes in Rs. 2,000 and Rs. 500 denominations with a total face value of Rs. 66,500 were also seized after Crime Branch sleuths raided the house of one Zahid Sheikh, who was eventually arrested, cops said.
Accused resided in Africa before returning to Jamnagar
A color printing machine and scanner along with papers used to print fake currency notes were also seized from Sheikh's house.
He had been printing fake currency notes since the last one month and circulating them in markets in Jamnagar, cops said.
Sheikh, who worked in a hotel's management department, "resided in Africa before returning to Jamnagar some 10 years ago," police said.