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Fake currency racket busted in UP’s Muzaffarnagar, notes of face value worth Rs 5.26 lakh seized

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Muzaffarnagar, Oct 15 A gang allegedly involved in printing and circulating counterfeit currency was busted here on Thursday, with fake notes having a face value of over Rs 5 lakh seized, police said.

Three accused, identified as Shubham, Mahendra and Tinu, were arrested following a tip-off in the Budhana police station area, Senior Superintendent of Police Suraj Kumar Rai told reporters.

Police seized counterfeit Rs 500 notes with a total face value of Rs 5,26,500 from their possession, he said.

The accused were allegedly involved in printing and circulating fake Rs 500 notes, the SSP said.

A printer, a laptop and other equipment allegedly used to print the counterfeit currency were also recovered, he added.

(PTI News)

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