Five persons have been arrested from various cities in Madhya Pradesh with fake currency notes with a face value of over Rs 4 lakh, an official stated this in Indore on Tuesday.
All the accused were part of a criminal gang involved in printing and circulating fake currency notes in the state, the police said.
While speaking to mediapersons, Deputy Commissioner of Police (Crime Branch) Rajesh Kumar Tripathi said three of the accused were arrested from a hotel from the Anurag Nagar Extension area of Indore after the police received a tip-off about their whereabouts. He further added that Abdul Shoaib, alias Chhotu (25), Rahees Khan (32) and Prafull Kumar Kori (19), were from the Chhindwara district.
"In the hotel room where the accused were staying, we found 100 bogus notes of Rs 500 denomination each along with several equipment used for printing fake currency. These included butter paper, printer, wooden frame, lamination machine and a laptop," DCP Tripathi added.
During their interrogation, the police got the lead that led to the arrest of two of their accomplices - Akash Ghaaru (30) and Shankar Chaurasia (42) - from Bhopal. He said a total of 770 fake notes of Rs 500 denomination each were recovered from their possession.
In all, fake currency notes with a face value of Rs 4.35 lakh were seized from the gang members.
"The accused had contacted each other on Facebook. Three accused living in Chhindwara used to print fake notes, which were circulated in the market through their two associates residing in Bhopal," Tripathi informed.
A detailed probe into the activities of the gang was underway.
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