Kingpin in FICN racket arrested from Tamil Nadu

ST CORRESPONDENT
Saturday, 19 January 2019

While serving in the Army, Venkatesan’s father stayed in Pune where Venkatesan came in contact with gangsters and started printing fake currencies.

PUNE: Investigations in the fake Indian currency note (FICN) racket recently busted by the city police has led the crime branch unit 2 to arrest the kingpin of the racket, identified as Venkatesan Mudaliyar (44). 

A police team  of crime branch unit 2, arrested the accused from a hideout in Uthuki in Tamil Nadu and recovered fake Indian currency notes amounting to Rs 2.35 lakh from him. 

The arrest of Venkatesan came after police arrested two suspects Rajendra Dhillod (45) and Alka Kshirsagar (44), for posessing FICN worth 1.62 lakh. During interrogations, the suspects spilled the beans about the kingpin and police reached Uthukottai in search of Venkatesan. The team took help of local police and conducted a combing operation in the area. They found Venkatesan at a rented house.

While serving in the Indian Army, Venkatesan’s father Subramani stayed in Pune where Venkatesan came in contact with gangsters and started printing fake currencies. After one of his gang members informed the police about the fake currency, Venkatesan murdered him and fled the city two decades ago. The police had been searching him since then. Though Venkatesan was in Tamil Nadu, he continued to operate successfully in Pune.  

The police said that they have seized all materials required to print FICN at his residence. “We have found a printer, ink and other materials required to print FICN. He was arrested in a murder case in 2001 and was out on bail since then. He is involved in cases of murder, assault, theft, arms and other cases in the city,” said a police official.

The police team included Police Inspector Gajanan Pawar, Assistant Police Inspector Jayvant Jadhav, Laxman Dhengale, Assistant Sub-Inspector Anil Usulkar, Police Naik Yashvant Khandare and others. 

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