Baripada: Police on Thursday claimed to have busted a fake currency racket with arrest of two persons allegedly involved in the crime here in Mayurbhanj district.
The accused identified as Rasbihari Rana and Rakhyahari Rana are two brothers. They belong to Bahadagoda of Jharkhand, police said.
Police were tipped off about the transaction of Fake Indian Currency Notes (FICN) at KC Circle area in the town. Accordingly they conducted raids at the place and arrested the duo while they were trying to cicrulate the fake currencies in the market in Baripada.
During the raids, police recovered counterfeit notes worth Rs 85,000. As many as 110 fake notes of Rs 500 denomination and 300 fake currencies of Rs 100 denomination have been seized from the possession of the arrested persons, police said. Two mobile phones have also been seized from them. Police said the call records are being tracked to find out involvement of others in the racket.
The arrested duo has been questioned about the illegal transaction to extract further information. Police have launched a probe into the transaction of fake notes and other culprits involved in the racket will be arrested, they added.
Earlier on November 26, the Special Task Force (STF) of the Crime Branch had seized Fake Indian Currency Notes (FICN) worth over Rs 3 lakh following raids at two places near Similiguda and Sunabeda in Koraput district. One person, identified as Anam Khilo of Lekhiguda area had been arrested in connection with the incident.