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23 Sep 2019, Edition - 1532, Monday

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Coimbatore

One more held in fake currency seizure in Coimbatore

Covai Post Network

Coimbatore : One more person wasxd arrested early today at Anaikatty on the outskirts, in connection with the seizure of fake currency notes.

Police had arrested one Ananth while he was transporting Rs 2,000 denomination fake currency worth Rs 83 lakh. On information from him, police recovered copying and cutting machines and colour chemical bottles and a huge quantity of notes from a house in Velandipalayam on Friday. The total seizure of currency was worth Rs1.18 crore.

Based on Ananth’s confession, police had formed two special teams to nab Kithar Peer Mohammed and Sundar, said to be the kingpins of the racket, reportedly hiding in neighbouring Kerala. Anand had met both, who were arrested for their involvement in printing or photocopying of fake currencies, some eight years ago and lodged in the same cell in the Central Jail here.

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One of the teams managed to take into custody Mohammed from a house in Anaikatty. He is said to have appointed agents in the city and Kerala for circulating the notes,. He was arrested in 2011 and was then having counterfeit notes.

Meanwhile, traders are apprehensive to accept Rs 2,000 notes from customers, following the seizure of fake currencies, though they can be easily identified for itsvfcheap printing quality.

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