Two arrested for printing fake ₹500 notes in Bengaluru; counterfeit currency, printer seized
The Kumbalagodu police have arrested two men for allegedly printing and circulating counterfeit ₹500 notes using equipment set up in a rented apartment in Bengaluru
The Kumbalagodu police have arrested two men for allegedly printing and circulating counterfeit ₹500 notes using equipment set up in a rented apartment in Bengaluru. The police seized 338 fake ₹500 notes, a photocopier, a laptop, a car, and mobile phones, collectively valued at ₹3.29 lakh. The arrested have been identified as Aravind K.C., 47, an unemployed resident of Bengaluru, Venkatsubramani, 41, a driver from Chennai.
The police said neither of the accused has any previous criminal record. According to investigators, on July 3, the police received credible information that a tenant residing in a BDA apartment was circulating counterfeit currency. Based on the tip-off, a case was registered and an investigation was launched. Later the same day, the police arrested Aravind near Kenchenahalli Cross. During interrogation, he allegedly confessed to printing counterfeit ₹500 notes and supplying them to his associate in Chennai for circulation.
Aravind was produced before a court on July 4 and remanded to 10 days in police custody for further interrogation. During custodial interrogation, the accused allegedly admitted to having started printing counterfeit currency to make quick money. Based on the information he provided, a police team arrested his alleged accomplice, P. Venkatsubramani, at Maruti Nagar near Chennai on July 7. Searches conducted between July 4 and July 8 at the accused persons’ premises in Bengaluru and Chennai.
Both accused were produced before the jurisdictional court and have been remanded in judicial custody. The police are continuing the investigation to ascertain whether the counterfeit notes had already entered circulation and to identify any other persons connected to the racket.
The BriefWire