Valsad police arrested four more accused from Nashik
Surat: A fake currency racket spread across south Gujarat and Nashik in Maharashtra was busted by Valsad police with arrests of four more accused from Nashik on Wednesday. Last week cops had arrested four persons for circulating fake currency notes in village markets located along the Gujarat and Maharashtra border.
Four accused Haridas alias Haresh Chaudhary, Krutesh alias Ajay Bochal, Jai Singh Valvi and Bhagvanta alias Bhagwan Gumbade who were involved in printing of the fake currency notes of Rs 500 denomination were arrested on Wednesday. These accused use to and circulate the fake currency in the market through their four accomplices, who were nabbed last week. Police said that Chaudhary and Bochal scanned the original notes and after minor correction through software, used to print fake currency notes. The fake notes were then handed over to Valvi and Gumbade.
“The accused had formed a chain of circulation wherein one would keep some notes with himself and pass on the remaining to the other,” said a police official. Four others who were arrested last week were also responsible for circulating the notes.
Police said that they used to circulate the notes in the villages on Gujarat-Maharashtra border and local markets along with original notes to avoid any suspicion. So far, police have seized 300 fake currency notes from the accused.
During investigation, it was found that Chaudhary and Bochal were the masterminds of the racket. In the past, Chaudhary was arrested under the Prohibition Act by Saputara and Waghai police. Bochal, a BSc graduate, joined hands with Chaudhary to make some quick money.