‘Farzi’ inspired fake currency racket busted by Karnataka police

In the investigation, it was found that the accused were notoriously famous for producing counterfeit notes of ₹100, and ₹500 denominations.

BySouth First Desk

Published Jul 06, 2024 | 1:09 PM Updated Jul 06, 2024 | 1:09 PM

Fake currency seized by police

The Karnataka police in Gokak city, of Belagavi district, have busted a fake currency racket on Wednesday, 3 July, that was allegedly inspired by the Shahid Kapoor starter web series Farzi (2023).

In the raid, six people have been arrested, the accused are from Belagavi, operating from Arabhavi and Mudalagi.

The accused, apart from producing and circulating fake currency notes, have also deceived people in the villages around Gokak taluk, by promising to double their money

The accused have been identified as Anwar Yadawad, Saddam Yadalli, Ravi Hyagadi, Dundappa Onashenavi, Vittal Hosathotal, and Mallappa Kundali.

In the investigation, it was found that the accused were notoriously famous for producing counterfeit notes of ₹100, and ₹500 denominations.

The raid was carried out when the accused were travelling in a white Swift car towards Belagavi, carrying 305 counterfeit notes of ₹100 denomination and 6792 notes of ₹500 denomination. They have now been remanded to judicial custody.

During the investigation, the accused admitted to printing and circulating fake notes and deceiving people in Gokak, Mahalingapur, Mudhol, Yaragatti, Hidkal Dam, Belagavi, Dharwad, and other districts by offering 4 lakh fake notes for 1 lakh genuine currency.

It was also found that the accused operated mainly during the night.

The police have seized equipment used for printing fake notes, including other valuables worth ₹523,900, from the house of prime accused Anwar.

Also Read: BJP leaders take out protest march to Karnataka chief minister’s residence

(Edited by Sumavarsha Kandula, with inputs from Nolan Patrick Pinto)

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