Investigations into the fake currency racket has led the police to Mangalore, where they are reportedly looking for a man, who allegedly handed over the fake currency notes to Abdul Jabbar, who was arrested for buying jewellery with fake currency notes on August 18.
Abdul Jabbar, 39, of Cheruvathur was arrested for buying jewellery worth Rs 1.8 lakh with fake currency from the Malabar Gold outlet in Kanhangad. Three people including Jabbar had visited the store and done the purchasing, but after they left, it was found that they had handed over fake notes of Rs 1,000 denominations.
A complaint was filed with the Hosdurg police, who, with the help of CCTV footages, identified the men and found Jabbar.
The case was shifted to Chervathur police, who then arrested Jabbar and two others.
According to police, Jabbar, who had come down from Dubai just three days prior to his arrest, said that a man in Mangalore had supplied him the notes, and that the notes had reached his house even before he arrived from Dubai.
They also said that, on further interrogation, Jabbar revealed the man’s name and that he had met him in Dubai jail where they were lodged together.
It is learnt that Jabbar had circulated Rs 5.39 lakh of fake currency in three days through various transactions like buying jewellery and electronics, and paying electricity bills.
Police suspect that both Jabbar and the other man are involved in running a fake currency racket in Kasargod and Dakshina Kannada districts, respectively.
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