4 individuals, together with an Australian resident, have been arrested for printing counterfeit Australian {dollars} at a warehouse in Vatva in Gujarat’s Ahmedabad.
Investigators on Thursday mentioned Ahmedabad Police’s Particular Operations Group (SOG) busted the racket after it was tipped off about counterfeit forex circulation in Ahmedabad’s Vejalpur.
Ronak Rathod, 24, a labourer, was first arrested whereas trying to change 119 counterfeit Australian $50 notes. He instructed interrogators that he had obtained the faux forex from Khush Patel, 24, who was arrested and led police to the alleged mastermind Maulik Patel, 36, a transport enterprise proprietor.
The SOG discovered Maulik Patel labored with pupil Dhruv Desai, 20, to print counterfeit Australian {dollars} at a facility in Vatva. It recovered 32 completed counterfeit $50 notes and 18 partially printed sheets.
A high-end printing machine price ₹9,00,000, a desktop laptop, and a laptop computer had been recovered from the gang. The gang used specialised plastic sheets for forex printing and different supplies for the counterfeiting course of.
The full worth of seized objects, together with seven cellphones price ₹2,10,000 and ₹16,500 in Indian forex, amounted to ₹11,92,500. Police additionally recovered real forex presumably used as templates for counterfeiting.
Three individuals had been arrested final month for allegedly duping a bullion dealer within the Navrangpura space of ₹1.6 crore by means of a scheme involving imitation of ₹500 notes. The faux notes had been designed with the picture of Bollywood actor Anupam Kher, changing Mahatma Gandhi’s portrait. The rip-off unfolded as a part of a deal involving 2,100 grams of gold valued ₹1.6 crore.
