Mumbai Crime: Two men arrested for circulating Rs 4 lakh in fake currency

Mumbai Crime: Two men arrested for circulating Rs 4 lakh in fake currency

FPJ Web DeskUpdated: Wednesday, May 29, 2019, 01:20 AM IST
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The Mumbai police’s Crime Branch has arrested two men for allegedly circulating Rs 4 lakh in fake currency. According to Mid-Day, the duo was identified as Asabullah Shaikh (28) and Asmi Karmkar. Asabullah Shaikh is a carpenter. The duo circulated Rs 4 lakh in fake currency through small shops and street-side hawkers in Mumbai and Thane. The cops have said that Karmkar would travel to Mumbai with the fake currency from West Bengal and hand it over to Shaikh, who then brought it into circulation here.

During investigation, Shaikh told cops that he used to visit crowded shops in the evening to buy goods valuing around Rs 200-500, give a Rs 2,000 note and receive change in genuine currency. He also said that he would visit markets in Kandivili, Nalasopara, Vasai Road and Bhiwandi during the rush. He used fake currency to buy a variety of goods, varying from clothes to accessories. He used to shop goods worth around Rs 3,000 to 4,000 daily and earn around Rs 2,500 to 3,000 (real currency)as a change in return.

Shaikh during questioning told cops that he was arrested three times before too, but escaped by saying that he was given the fake note by some other shopkeeper. In 2011, Shaikh was arrested by the crime branch with fake currency and was jailed for one and a half year for the same. But he visited West Bengal again after his release to continue the fake currency business.

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