7 months ago
2
A pack of 5 persons were arrested by Ranipet Town constabulary connected Wednesday for circulating counterfeit currencies of ₹500 denominations successful Walajah, Arcot, Sholinghur and Arakkonam towns successful the district.
Police said that the arrested persons were identified arsenic Askar Basha, 49, Sardar, 48, Wasim, 42, Ibrahim, 38, and Siva, 42. They are natives of Ambur municipality and were puerility friends successful Walajah.
Initial enquiry revealed that K. Muthuraman, 41, a transport operator, and his woman M. Kosalai, 38, are residents of Walajah municipality successful Ranipet. The mates pledged 5 sovereigns of golden jewellery successful a nationalised slope and borrowed ₹2.23 lakh for aesculapian expenses a fewer months ago.
Subsequently, Muthuraman asked a second-hand conveyance trader B. Ramu, 55, successful the country to merchantability his lorry for a bully terms to get backmost his pledged jewellery from the bank. Accordingly, constabulary said that Ramu got successful interaction with the pack to bargain the vehicle. The pack paid a sum of ₹2.35 lakh to Muthuraman for the lorry.
Later, the mates went to the slope to get backmost their golden jewellery. However, the slope manager, S. Rajarajan, recovered ₹10,000 arsenic counterfeit notes of ₹500 denominations erstwhile the mates gave the required wealth to the bank.
Based connected a ailment by slope officials, Ranipet constabulary conducted an enquiry with the couple, who said that they got the currency from the pack aft they sold their lorry to them. Police rounded up the pack from their hideout successful Walajah.
Police besides seized bundles of counterfeit notes of ₹500, colour printers and different instrumentality from the hideout. A lawsuit was registered and the pack members were lodged astatine Central Prison successful Vellore. Further probe is nether way.
