NEW DELHI: Noida Police has arrested a 25-year-old man for printing counterfeit currency at his residence, the police said on Sunday.
The accused, identified as Janki Yadav, was presently residing at Sector 53, Noida and was originally a resident of Gonda, UP.
Furnishing details, the police said that the accused lived at a rented house in village Gijhore, Noida and was involved in printing of Fake Indian Currency Notes (FICN) by making photocopies of the original notes.
When the police conducted a raid at his residence they found fake currency of face value of Rs 4, 750, 99 papers with half-printed notes, one HP printer and two rims for printing the counterfeit currency.
"The accused, after making the fake notes, used them in the market, " the police said.
The police registered a case under sections 489A (Counterfeiting currency-notes or bank-notes), 489B (Using as genuine, forged or counterfeit currency-notes or bank-notes), 489C (Possession of forged or counterfeit currency-notes or bank-notes) and 489D (Making or possessing instruments or materials for forging or counterfeiting currency-notes or bank-notes) of the Indian Penal Code at Bhadvi Police Station in Sector-24, Noida.
Notably, counterfeiting of currency notes is an offence under the Indian Penal Code. Further, production, smuggling or circulation of High-Quality Fake Indian paper currency, coin or any other material has been made a terrorist act under the Unlawful Activities (Prevention) Act, 1967.