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Currency racket busted

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IN THE NET: The arrested persons in Hubli on Wednesday.
IN THE NET: The arrested persons in Hubli on Wednesday.

Staff Correspondent

Two of the accused were on parole: police

HUBLI: The Hubli police have busted a fake currency racket with the arrest of four members of a gang which they suspect could be a part of a nationwide network.

Addressing presspersons here on Wednesday, Hubli-Dharwad Police Commissioner Raghavendra Auradkar said that the police recovered 123 notes with a face value of Rs. 500 from the four arrested persons. Mr. Auradkar said that the involvement of others cannot be ruled out.

What is of importance is that two of the accused were actually serving life sentences in the Dharwad Central Jail for involvement in murder cases and had come out on parole.

The Commissioner said that Shamir Abdul Basheer Byadagi from Hubli and Abubakar Hammabba Byari from Koppa in Chikmagalur district were the accused who were on parole.

The others, Basavaraj Channappa Benni and Ismail Tajuddin Byahatti, are from Hubli.

Apart from 123 counterfeit notes, three mobile phone handsets and a two-wheeler have been recovered.

The Police Commissioner said that the notes were designed and printed with such perfection that it was difficult for an average user to distinguish them from the original.

“These notes have every detail that is found in original notes. They even have the silver thread that most people think is a mark of authenticity,” the Police Commissioner said.

Based on a tip-off, a team of police officers carried out the operation.

The Hubli Suburban Police have registered a case.

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