East Champaran: Man held with Rs.19L for counterfeit currency deal
BETTIAH, Oct. 31 -- Close on the heels of a Rs.4.95-lakh fake currency seizure, East Champaran police have confiscated over Rs.19 lakh in cash from a man from Uttar Pradesh who planned to use the money to purchase counterfeit currency at a 4:1 ratio, receiving four fake Rs.500 notes for every one genuine note, police said.
The cash was recovered at Manikpur chowk, under Harsiddhi police station limits, on Thursday evening leading to the arrest of Rohit Kumar Shahi, a resident of Gorakhpur district in Uttar Pradesh, while three others from Uttar Pradesh managed to escape.
Referring to the seizure, Areraj's sub divisional police officer (SDPO) Pankaj Kumar Mishra on Friday told a news conference that the seized amount was meant to buy the counterfeit currency and the deal was to be borkered by a West Champaran-based man called Ashok Mishra who lives in Belwa village under Banuchhapar police station of West Champaran district.
"Based on the inputs received, police team raided multiple locations in villages falling under Manuwapul and Banuchhapar police station and seized ten live cartridges from the house of Ashok Mishra," said the sub divisional police officer, putting the exact seizure of the amount at Rs.1998500.
Investigators called the operation as a money-doubling syndicate with a network spread across Bihar and Uttar Pradesh. The development came following the seizure of 990 counterfeit currency of Rs.500 denomination with a face value of Rs.495000 from the possession of a man on October 26, which were described as "high quality" by the investigators...
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