2 held for circulating genuinely fake notes

Sleuths of the Central Crime Branch (CCB) arrested two members of a Tamil Nadu gang for circulating fake currency in the city

Sleuths of the Central Crime Branch (CCB) arrested two members of a Tamil Nadu gang for circulating fake currency in the city. Based on a tip off, the team led by Assistant Commissioner of Police B N Nyamegowda, along with a back-up team from Ulsoor Gate police station, rushed to Bannappa Park where the accused had gone to deliver the fake notes to a client. The cops arrested Dharmaraj and Mohan, while seven of theiru00a0 accomplices fled the scene.

Caught: Dharmaraj and Mohan with the fake currency

The police recovered colour printouts of Rs 500 denomination amounting to Rs 1 lakh, along with Rs 66,000 in real currency. During interrogation, the duo revealed that they were part of an interstate fake currency circulation gang operating in Karnataka and Tamil Nadu. They claimed that they targeted gullible businessmen offering Rs 1 crore worth of fake currency in exchange for Rs 36 lakh in genuine notes.

Colour printouts
The accused fooled their clients by mixing a few genuine currency notes among the fake ones and even took them along to shop at various stores. Unknown to the victims, the conmen were actually using genuine notes to fool them and to avoid detection by the shopkeepers.

Nyamegowda explained that the whole process was a farce and the carry bag that they seized with the cash contained only a few layers of genuine notes amounting to a few thousands, while the rest were colour printouts of Rs 500 denomination notes on ordinary paper.