Major racket in fake dollars unearthed

By Our Staff Reporter

Madurai, APRIL 5: The CB-CID police, Tamil Nadu, on Tuesday effected a major seizure of counterfeit 100 dollar notes at Sivakasi and are on the lookout for an unidentified Australian national in this connection.

The seizure is valued at a face value of Rs. 3 crores in Indian currency. Mr.B.Sunderarajan, DSP, CB-CID, Madurai, told newsmen that said the arrested man had confessed that counterfeit dollar bills with a face value of about Rs.12 crores had already been given to the conduits.

Based on the specific information provided by Karuppaiah, who was arrested last week in connection with another case, the CB-CID sleuths raided a printing press at Sivakasi on Tuesday and arrested the owner Vijayakumar (20) and an agent, S.S. Narayanan (42). The latter, who operated as a middleman, gave Vijayakumar Rs. 50,000 as advance for printing the fake notes, police said. Narayanan received Rs.2 lakhs from a broker in Chennai who, he claimed, had received money and negatives from an Australian. Police are now on the lookout for both the broker and the Australian.

While Vijayakumar was a first-time offender, Narayanan had already been named accused in similar cases.

Counterfeit $ 100 notes seized from a press at Sivakasi. - Photo: K.Ganesan.

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