Police have arrested five suspects during a raid in Peshawar and Jhang allegedly involved in printing fake currency notes.
As per details, police claimed to have arrested nine members gang involved in printing counterfeit currency notes in Peshawar. According to Police officials, three members of the gang were seized during a raid on a printing factory and recovered counterfeit currency notes worth Rs60 million.
The officials said that the suspects organized to print fake currency notes worth Rs170 million. However, Police have filed a case against the suspects and conducted raids in different areas to arrest the masterminds behind the case.
In another raid, police seized two suspects involved in printing fake currency notes in Ahmadpur Sial area of Jhang. Police recovered counterfeit currency, machinery, and weapons used in printing fake notes from the possession of the suspects. According to the Police official, the suspects Sajjad and Kaifi were printing fake currency notes at their home.
Earlier, on 25 February 2016, the police had arrested seven suspects involved in printing fake currency in Peshawar.
Umar Virk, a senior police official in Lahore told AFP, the fake currency, which also included Pakistani rupee, was worth millions of US dollars,
“Immediately it is difficult to estimate the exact amount because it is a huge quantity of fake currency,” Virk said.