23/12/2021
*Budgam Police arrests 03 persons with counterfeit currency.*
BUDGAM: 23rd December 2021:
Budgam Police busted a fake currency racket, arrests three persons, counterfeit currency notes and other tools seized.
During Naka checking at Narbal, police party from Police post Narbal intercepted one vehicle bearing registration number *JK01AB/9599* driven by one *Taufeeq Hussain Khawaja son of Mohammad Akbar Khawaja resident of Baliharan Singhpora Pattan Baramulla*. During search, printed counterfeit currency notes worth *₹45,000/=* were recovered from the vehicle.
Upon questioning, the said person confessed his involvement in printing fake currency notes at his home at Baliharan Singhpora Baramulla. Accordingly, a raid was carried out at his house and during search following items used for printing of counterfeit currency notes were recovered:-
*02 printers*
*one paper cutter*
*02 Reams of bond paper*
*01 Mobile Phone*
*10 number of bond papers with printed ₹ 100/= fake currency notes*.
During sustained questioning, accused also revealed names of his two associates namely *Farooq Ahmad Ganaie son of Ab Ahad Ganaie resident of Kalsari Pattan and Abdul Hamid Ganaie son of Ghulam Rasool Ganaie resident of Burran Pattan* who were circulating the fake currency notes in the market. All of the accused have been arrested and shifted to police post Narbal where they remain in custody.
A case FIR Number *262/2021* under relevant sections of law has been registered at Police Station Magam and further investigation into the matter is going on. More arrests and recoveries are also expected.