23 year old arrested for circulating homegrown fake currency

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A 23 year old was arrested by the Mumbai Police Crime Branch for allegedly printing counterfeit currency at his home. The accused has been identified as Omkar Bhoir, a college student who was also working as a delivery boy for an online shopping portal. The crime branch has seized Rs 2.47 lakh in fake notes from Bhoir who has been circulating these fake notes for the past four to five months In the market. He was caught after they received a tip about a man with counterfeit notes in his possession coming to Bandar Pakhadi Road, Charkop on Friday afternoon.
The crime branch found 240 fake Rs. 500 notes on him and an additional 251 fake 500-rupee notes and one fake Rs 2,000 note, worth Rs 1.25 lakh in all when they raided his house. They also recovered a colour printer-cum-copier and bond papers used for the counterfeiting operation. He is said to have read up a lot about currency counterfeiting online and kept practising for nearly two months until he got all the details right.
Investigation has revealed that Bhoir used to exchange fake money in small shops to purchase personal items and also suspect him of having exchanged these counterfeit notes while making deliveries.
Bhoir was arrested under the Indian Penal Code section 489(A) (counterfeiting currency-notes), (C) (possession of forged or counterfeit currency notes) and (D) (making or possessing instruments or materials for forging or counterfeiting currency notes) and has remanded in police custody till October 24.

Home grown counterfeit currency racket
Printer and cash seized from Bhoir’s house.

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