Music teacher prints fake currency notes after losing money in stock market
Hindustan TimesIn a joint operation, the Mumbai unit of the Directorate of Revenue Intelligence and Mumbai police busted a counterfeit currency printing unit in Vikhroli West, leading to the seizure of fake notes worth ₹1,800 and the arrest of the man behind the illicit operation. The accused, Kulbir Wad, a music teacher and stock trader, was handed over to the Parksite police by the DRI. DRI sources on Friday said that its Vikhroli operation was part of the agency’s “nationwide crackdown on modules involved in the import of security paper and printing Fake Indian Currency Notes.”. Based on DRI’s complaint, the person in Vikhroli was arrested, and all the apparatus and tools were seized by the jurisdictional police authorities.” Earlier on February 8, the DRI had arrested two persons found to be the actual importers of high-quality paper with embedded security thread having inscriptions of ‘RBI’ and ‘Bharat ‘ in Uttar Pradesh and Karnataka.
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