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Karnataka authorities arrest 4 Goans for phony currency racket in Karwar


May 7, 2022
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4 individuals from Goa were detained as Karnataka authorities busted an inter-state phony currency racket near Karwar.

The implicated have actually been determined as Praveen Nair (46 ), Lloyd Lawrence Stewis (Esteves) (29 ), Larson Louis Silva (26) and Pranoy Fernandes. The prime implicated in the racket, who is a citizen of Kodibag in Karwar, is absconding, authorities included.

The raid was carried out following an increase in phony currency notes in the district.

Under instructions of Uttara Kannada Superintendent of Cops Dr Suman Pennekar, an unique authorities team carried out a raid based upon a tip-off that demonetised currency was being exchanged on Might 5 at around 7 pm in front of a Hotel in Kodibag-Karwar.

After getting details, Ankola PSI Pemangowda Patil and group detained the perpetrators and throughout the raid, 26 phony currency notes of Rs 500 in denomination, 40 real currency notes of Rs 500 in denomination, and a scooty and an automobile were taken throughout the raid.

Extra SP Badrinath S, DySP Valentine D’Souza and Ankola PI Santosh Shetty played a significant function in busting the racket. SP Dr Pennekar has actually praised the group for the busting the inter-state phony currency racket. A case has actually been signed up at Ankola Police headquarters.

Cops presume that there are much deeper roots to the racket and are watching out for the location where the currency notes were printed.

According to media reports, phony currency notes have actually been a problem in Ankola and authorities have actually been believing that a gang has actually been flowing fake currencies amongst unwary individuals.

( This news is reported by The Goan. To find out more GOA news see The Goan)

( To get our E-paper on whatsapp daily, please click on this link. We allow sharing of the paper’s PDF on WhatsApp and other social networks platforms.)

Released on: Saturday, May 07, 2022, 12:50 PM IST

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