Bank staffer among three persons held for circulating counterfeit currencies in Vellore
Police in Vellore have arrested three individuals, including a bank employee, for circulating counterfeit 100-rupee notes. The investigation began after a salesman at a local liquor outlet reported suspicious currency, leading to the discovery of a wider network.
Why it matters
The circulation of counterfeit currency poses a threat to local economic stability and trust in financial transactions.
Three more persons, including a bank staffer were arrested by K.V. Kuppam police on Tuesday for circulating counterfeit currencies in denominations of ₹100 in the area.
The arrested were identified as G. Velmurugan, 29, a bank staffer in Vellore, R. Ganesan, 23, a farmer in Ranipet, and K. Satish, who runs a saloon in Walajah town. Earlier, other gang members K. Mohanraj, 47, a farmer in K.V. Kuppam village, and his accomplice M. Murugan, 52, a lorry driver were arrested.
Initial inquiry revealed that the lorry driver, Murugan visited a Tasmac outlet in Nakkal village near Gudiyatham town last week. He gave a few counterfeit currencies in denominations of ₹100 to the salesman at the outlet.
The salesman alerted K.V. Kuppam police, who conducted an inquiry with Murugan. He told police that he got it from Mohanraj.
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