Fake currency: Court rejects bail of accused

SRINAGAR:  Second Additional and Sessions Judge Thursday again rejected bail plea of the accused allegedly involved in operating a fake currency racket in Kashmir which was busted by police on March 11 this year.

According to Chief Prosecuting Officer (CPO) Afaq Ahmad the court turned down the bail pleas of the accused after the Public prosecutor Iftikhar Ahmad vehemently argued against the grant of bail in favour of the accused.

On March 11, the police had arrested 14 members of a fake currency racket who according to police were operating across the valley. Rs. 8,85,000 fake currency was also recovered from the accused.

The counsels for the accused submitted before the Court that the accused are “reputed businessman who have been implicated by police in a false case.”

The court rejected the bail pleas moved by the accused after the Chief Prosecuting Officer Aafaq Ahmed argued that they were involved in “anti-national activities” and the alleged kingpin in the racket had confessed that fake currency was being pumped from across the border. 

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