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Fake currency worth Rs 48,000 seized , 2 arrested

Less than a year after 80 per cent of the currency in the Indian market was scrapped by PM Modi in a bid to prevent fake notes from being circulated in the country, the demonetisation move does not seem to have achieved its purpose. It seems counterfeiters appear to have perfected the art of printing copies of new 500, 2000 rupee currency notes as well.

On Wednesday night, the police arrested two brothers Shakir and Zahid in possession of fake currency worth Rs 48,000 in 2000 rupee denomination notes in Mathura. But the supplier of this currency managed to flee before the police could get to him. The Anti-Terrorism Squad and the National Investigation Agency are now interrogating the two brothers.

The government is actively trying to crack down on the supply chain of this counterfeit currency and while it has managed to arrest a few, the real kingpins are still absconding.

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