Fake currency notes printing unit busted, one arrested in Coimbatore

02 June 2018, 11:50 AM

In a major crackdown on fake notes, a counterfeit currency note printing unit was unearthed in a house in Coimbatore on Saturday, a state police official said.

A huge pile of 6,000 fake notes with a face value of Rs 1 crore were seized and one person has been arrested in the connection, the official said.

The fake currency unite was busted when a vehicle check was carried out early in the morning. A young man was found carrying a large number of Rs 2,000 notes on his two-wheeler, police sources said. The notes seized were to the tune of Rs 83 lakh, they added.

Following the confession made by the accused, police searched a house in Velandipalayam in the city outskirts and seized more fake notes, meant for circulation, with a face value of around Rs 20 lakh, police said.

A computer, printer and a cutting machine were also recovered, they said, adding further investigations are under way.

First Published: Saturday, June 02, 2018 11:42 AM
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