Police bust fake currency racket

Police today claimed to have busted a fake currency note manufacturing racket and seized over Rs 6 lakh from the accused.
While two accused were apprehended, the third managed to give police the slip.
SSP Mandeep Singh Sidhu said that following a tip-off, police stopped a motorcycle. Upon search, Rs 6,54,900 were recovered from their possession.
One of the accused managed to flee while two others were overpowered by the police.
The arrested accused were identified as Saraj Singh, kingpin of racket, Harpreet Singh, a post-graduated student in a Patiala college while the one who fled from the spot has been identified as Karamveer Singh.

The accused were running the racket for last three years from a rented house at Patiala.

The SSP said that the police recovered two scanners, ink, papers for use of counterfeit currency, one-sided printed currency and some other material used for fake currency from the house.
The accused have been arrested under sections 420 (cheating), 489A (counterfeit currency-notes), 489B (using as genuine counterfeit), 489C (possession of counterfeit currency) and 489D (possession of material used for making counterfeit currency) and they are being interrogated.
The SSP said that the accused confessed that they were on their way to supply consignment of fake currency at Bathinda.

At a preliminary stage, the accused started printing notes of Rs 100 denomination and later they started printing Rs 500 notes, SSP added.