Nagpur man allegedly prints fake Rs 500 notes worth Rs 37 Lakh in rented room over rent dispute

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Nagpur: A person in Maharashtra’s Nagpur is said to have been printing fake Rs 500 currency notes worth Rs 37 lakh in a rented room, police said after the suspected operation was unearthed after his landlord visited him after several months for non-payment of rent.

Fake currency was found in several bundles along with a printer and printing paper. The haul was seized from the room in the Kharbi area.

The total value of the notes/materials in the possession of the said accused person is estimated to be worth about Rs 48 lakh.

Accused Pushpak Krishna Bhandarkar had rented the room about one-and-half years ago. His agreement had ended in January. He had refused to pay rent for the last two-three months.

On being asked to vacate the property by landlord Ramesh, he threatened the former with a knife and filed a complaint with Wathoda police.

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When the tenant disappeared for days on end, the landlord burst open the lock on his room and found bundles of notes that looked like cash, pens and stacks of paper.

The police later raided the shop and examined the suspected forged notes using a counting machine. Some partially printed notes as well as other items were also confiscated.

The accused is currently at large. A manhunt has been launched to trace him.

Investigators are analyzing the documents seized and checking the circulation of the suspected counterfeit notes or if there were other co-conspirators involved in the production..

The probe is ongoing.

Also Read: MBA graduate found hiding inside box bed, arrested in fake currency case

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