Fake currency notes with Rs 25 lakh face value seized in Nagpur, four held

PTI, May 30, 2024, 4:01 PM IST

Nagpur: Police have arrested four persons after recovering fake currency notes with a total face value of Rs 25 lakh in Nagpur, an official said on Thursday.

The arrests and seizure were made on Wednesday by the Sitabuldi police on the complaint of one Rahul Vasudev Thakur .

Thakur told the police that he came across on Monday night an advertisement on Facebook offering a “quick-buck” scheme. It directed him to a mobile number.

When Thakur dialled the number, the person on the other side said they would give him Rs 8 lakh against Rs 2 lakh under their scheme. He also claimed to have printing machines for currency notes, the official said.

Suspecting something was wrong, Thakur alerted cops, who laid a trap and arrested Satish Dhnyandev Gaikwad (29), Gautam Raju Bhalavi (21), Shubham Sahdev Pradhan (27) and Monu, alias Shabbir Balakat Sheikh (27) with fake notes having a face value of Rs 25 lakh packed in 44 bundles, he said.

Each bundle had one genuine note on each side, the official said, adding that the accused had cheated several people using the same method.