Indian-origin men jailed in Britain for counterfieting currency

Image
IANS London
Last Updated : Jan 14 2014 | 3:21 PM IST

Four Indian-origin men have been jailed in Britain for printing and circulating 1.2 million pounds of counterfeit currency.

Amrit Karra, 45, and his brother Prem Karra, 43, both from Walsall, a town in the West Midlands and their brothers-in-law Rajiv Kumar, 40, of West Bromwich, and Yash Mahey, 44, of Handsworth in Birmingham, were convicted following a five-week trial at the Birmingham Crown Court Monday, the Mirror reported.

Two brothers, who used their printing firm to churn out the fake bank notes, have been jailed for seven years.

They used specialist paper inks and foil to run off the near-perfect forgeries of 10 pounds notes at their print-works in Hockley in Birmingham.

The court also sentenced the other accused Yash Mahey and Rajiv Kumar for four-and-a-half years for their involvement in the crime.

Judge Richard Bond said such offences undermined the integrity of Britain's financial system.

"People who commit offences of this type must realise that those who counterfeit currency must expect long sentences of imprisonment," Bond told the men.

"In this case the amount of money produced and disseminated into general circulation was enormous."

"Knowing, as you did, the consequences of being caught, you ignored your families. The risks taken in this case were high and you must personally take the blame," Bond added.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 14 2014 | 3:14 PM IST

Next Story