Central Crime Branch of the city police on Friday arrested five persons, including a constable of the Railway Protection Force, on charges of circulating Fake Indian Currency Note (FICN) of Rs. 500 denomination. Police say the fake notes are foreign-made Indian currency of superior quality.
CCB sources said the FICN came to light after the RPF constable Selvaraj (45) deposited Rs. 30,000 at the ICICI Bank branch in Saidapet on August 15. 26 notes were fake. Following a complaint lodged by a bank representative, a CCB team probed the matter and detained Selvaraj.
“Selvaraj along with his friends, who were part of a gambling circle, rented a room in a lodge in Anna Nagar and played a game of cards. He won the bets and later deposited the money in the bank,” said Dhakshinamoorthy, Inspector of Police, CCB.
“We tracked down his friends Chandrasekar (34) of Manadi, Ravichandran (50) of Tiruvannamalai and Mohammed Jaffer (29) and Gangai Amaran (25), both from Adyar; they might have given him the counterfeit currency,” the officer added.
A total of 33 fake notes were seized from them. They were remanded in custody and sent to Puzhal prison on Friday evening. A search is on for three of their accomplices and a detailed probe is under way on the source of the FICN, sources added.
Keywords: Fake Indian Currency Note circulation