The crime branch busted a four-member gang engaged in printing and circulating fake currency notes and recovered fake currency notes of Rs 2,06,300, a printer, a computer system, a pen drive, paper cutting tools and glitter pens.
Acting on a tip off regarding a youth with fake currency notes at Qazi Camp, police swung into action and on the receipt of the information a team was rushed to the spot and detained a youth identified as Faheem Qureshi (32) and recovered 15 currency notes in the denomination of Rs 2000 and three currency notes in the denomination of Rs 100 which were fake.
Faheem confessed the crime of fake currency note circulation and printing along with three accomplices Syed Danish Ali (31) of Kotwali, Waseem Shaikh (29) of Shahjehanabad and Jitendra Raikwar of Ashoka Garden.
From Danish, eight fake currency notes of denomination Rs 2000 were recovered and 5 fake currency notes of denomination Rs 2000 were recovered from Jitendra from his photo studio.
The mastermind of the gang Danish told the police that he was heavily burdened with debt and decided to print fake currency notes which could be easily circulated in rural markets and could make fast money. For printing fake currency notes he teamed up with Waseem but as he was not skilled to complete the printing process properly. Thus, Waseem suggested to involve his friend Jitendra, (who owns a photo studio in Ashoka Garden) skilled in the printing process. Initially currency note of Rs 2000 was printed but the fake note was not good enough to be circulated and later good quality paper was used to print fake currency notes.
Faheem used to work as Cable Operator, Danish used to work with a construction company, Waseem used to work as photographer and Jitendra runs photo studio. itendra used to print the fake currency notes while Danish and Waseem was involved in cutting and numbering the fake notes.
Faheem used to circulate the fake notes. Faheem and Danish have crime records and have been booked by Teelajamalpura and Talaiya police stations.