IT engineer among two held for printing fake notes

ST Correspondent
Saturday, 6 January 2018

“We have recovered 500 fake notes of Rs 100 denomination. Naphade led us to Vardhan, who had given him the fake notes. When we raided Vardhan’s house, he was working on a laptop." said Inspector Kadam.

PUNE: Crime Branch has arrested two persons, including an IT engineer, for allegedly printing fake Indian currency notes (FICN) in Rs 50, 100 denominations and circulating them in the city.

Police have identified the accused persons as engineer Uday Pratap Vardhan (34) of Kalwad, who works with a reputed company, and a tailor, Sandip Vasant Naphade (34), of Sathevasti, in Lohegaon. An FIR has been registered against the duo with Vimantal (airport) police station for offences under sections 489 A, C, D (charges related to counterfeiting of currency notes), 34 (common intention) of the Indian Penal Code.

Head Constable Ajay Thorat from the Crime Branch’s Anti-Dacoity Cell on Friday received information that a man was circulating fake notes near last PMPML bus stop in Vidya Nagar locality of Tingare Nagar. Accordingly, a team led by Police Inspector Rajendra Kadam reached there but the informer told cops that the man had left and gone to DCB Bank ATM in Kalwad, Lohegaon. The cops went there and caught Naphade around 5.40 pm.

“We have recovered 500 fake notes of Rs 100 denomination. Naphade led us to Vardhan, who had given him the fake notes. When we raided Vardhan’s house, he was working on a laptop. We found some more Rs 100 fake notes. Vardhan told us that for the last 15 days, he had been printing Rs 50 and Rs 100 notes on A4 size paper and used to circulate them in the market through Naphade. We have seized the laptop, printer, scissors, 200 A4 size papers, totally worth Rs 1.06 lakh from his possession,” said Inspector Kadam.

Investigation team included API Vidulata Chavan, Laxman Dhengle, ASI Sanjay Dalvi, Yashwant Abre, Vinayak Pawar, Shankar Patil, Head Constable Ajay Thorat, Nilesh Patil, Police Naik Mahesh Kadam, Ramdas Gonte and Wilson Dsouza.

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