Bengaluru Police Busts Alleged Fake Currency Printing Unit, Arrests 7 People
Bengaluru, Karnataka: Bengaluru police on Tuesday busted an alleged counterfeit currency processing unit operating under-construction house in Shanthilal Layout, Ramanagara.
The police arrested seven people in connection with the case. According to Superintendent of Police Rohan Jagadish, the operation was conducted following a tip-off received by a local police inspector.
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The police found seven people inside the premises and took them into custody. The arrested were identified as Santhosh, the owner of the house, Sampath, Govindaraj, Renukaraj, Rajesh, Shivaraj and Satish.
The owner reportedly allowed the premises to be used for the operation after Sampath approached him with a proposal to set up a fake currency processing unit in return for a commission. According to the police, the group were not directing producing finished counterfeit notes but was allegedly involved in a secondary processing stage.
Police seized around 10 bundles of the semi-processed material. Although no currency markings were visible to the naked eye, ultraviolet light reportedly revealed outlines resembling features of currency notes. White paper rolls were reportedly treated with chemical solutions, dried between glass panels under sunlight, cut to currency-note dimensions and bundled for further processing.
The accused allegedly claimed that the material could eventually have a face value of nearly Rs 5 lakh. Police clarified that the seized material cannot currently be classified as counterfeit currency because it had not yet been converted into finished notes.
