Chandigarh, May 18 (PTI) Punjab Police on Monday said it had busted a fake currency module in Malerkotla with the arrest of four individuals and seizure of counterfeit currency worth Rs 5.50 lakh.
The accused were identified as Nazar Khan and Asif Ali, both residents of Malerkotla; Raj Mohammad, a resident of Dhuri in Sangrur; and Mukhtiyar Singh alias Gurjit Singh, a resident of Jind in Haryana.
Director General of Police (DGP) Gaurav Yadav said all the recovered fake Indian currency notes were in the Rs 500 denomination.
Investigation revealed that Raj Mohammad has a criminal background, with one FIR related to the Narcotic Drugs and Psychotropic Substances (NDPS) Act registered against him, he said.
The DGP said that further investigation was underway to establish forward and backward linkages of this network.
Sharing operational details, Assistant Inspector General of Counter Intelligence, Patiala, Simrat Kaur said in a meticulous operation carried out by the team of the CI Unit Malerkotla, Nazar Khan and Raj Mohammad were arrested and Rs 4 lakh fake Indian currency notes were recovered from their possession.
During further investigation, two more accused — Mukhtiyar Singh and Asif Ali — were arrested and Rs 1.5 lakh additional fake Indian currency notes were recovered from their possession, she said.
The AIG said that more arrests and recoveries are likely in the coming days as the investigation progresses.
A case has been registered under relevant sections of the Bharatiya Nyaya Sanhita (BNS) at Amargarh Police Station in Malerkotla. PTI CHS RHL
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