2 arrested for printing fake currency notes in Gwalior

The Gwalior Crime Branch has successfully uncovered a counterfeit currency factory operating in the heart of the city. During the raid, police arrested two individuals involved in the operation. Both suspects hail from Bhind district and had been renting a room in Janakganj’s Jagriti Nagar for the past six months, where they were producing fake currency notes in denominations of 50, 100, 200, and 500 rupees.

Extensive Counterfeiting Operation

Initial interrogations revealed that the suspects had produced fake currency worth over 6 lakh rupees within the last six months. They had already circulated approximately 4 lakh rupees of these counterfeit notes in the market. The police seized fake notes totaling 2,09,450 rupees from the room, along with partially completed notes worth 18,000 rupees. Additionally, the police confiscated various materials used in the counterfeiting process, including dies, color inks, scanners, printers, and butter paper.

Criminal Background and Further Investigations

The arrested individuals have a history of criminal activities, including fraud and motorcycle theft. They are currently in police custody for further questioning. The police are investigating the extent of their network and the duration of their operations.

According to Crime Branch ASP Shiyaz KM, the raid was conducted late Sunday night following a tip-off from an informant. The police first conducted a reconnaissance of the area before making their move. During interrogation, the suspects revealed that they had recently distributed fake notes worth 2 lakh rupees in Ashoknagar and were currently circulating counterfeit currency in Guna. One of the accused, Ansar Ali, is from Pawai village in Bhind, while the other, Ashok Mahour, hails from Dandroua Mau in Bhind. Ansar Ali already faces charges in four fraud cases and one vehicle theft case.

Motive and Method

The suspects disclosed that their primary aim was to circulate fake currency in Gwalior and nearby cities. They even sent a bundle of fake notes worth 2 lakh rupees to Sheopur. Ashok Mahour was known for passing off fake notes of 50, 100, and 200 rupees to small shopkeepers.

The crime branch’s swift action has brought a significant counterfeiting operation to a halt, and ongoing investigations will likely uncover more details about the network and its operations.