4arrested with fake currency notes of Rs 1.90L face value

City crime branch seized fake currency notes of Rs 2,000 denomination with face value of Rs 1.90 lakh and arrested four persons in this connection, police said. The arrests come in the wake of Union home ministry figures, which stated 40% of the fake Rs 2,000 notes seized, were seized in Gujarat Acting on a tip-off that four persons involved in circulating fake currency notes were coming to Ahmedabad from Himmatnagar, the police them on Friday night as soon as they entered the city, crime branch inspector K G Chaudhary said.

They were arrested from Chiloda circle on SP Ring Road on city outskirts, he said. They were identified as Sanjay Giri, Paresh Parmar, Narendra Parmar and Dharmendra Rathod, he said. “One of the four is an engineering diploma holder and has knowledge of computer. Upon questioning, they revealed that they were in financial crisis and wanted to make quick money which is why they started printing fake currency notes,” Chaudhary said.

They set up a makeshift unit at a farm house in Himmatnagar town using colour printer, cartridge, and papers, and started printing fake currency notes of various denominations like Rs 50, Rs 100, and Rs 2,000 which they managed to circulate in local markets there, Chaudhary said.

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