The Coimbatore District Police are on the lookout for the associates of a 30-year-old man, who was held with counterfeit currencies near Karumathampatti in the district on Sunday.
Investigations by the police revealed that the main accused, M. Elavarasan from Indira Nagar near Krishnapuram in Dharmapuri district, and his associates counterfeited ₹2,000 and ₹500 denomination currencies using desktop arrangements.
The counterfeiting came to light after a driver hailing from Samalapuram in Tirupur district tipped the police about the gang. The accused had offered him ₹2 lakh (counterfeit) against an initial payment of ₹50,000, on the pretext of supporting new business ventures.
The police searched the residence of Elavarasan near Karumathampatti on Sunday. They found that the accused made colour printouts of ₹2,000 and ₹500 denomination currencies using desktop facilities. Both sides of the currencies were printed separately. The accused and his associates made bundles of plain paper and kept the printouts of the two currencies on the top and bottom. These bundles were wrapped with polythene sheets to appear like genuine currency bundles, said the police.
“The police seized two laptops, a tab, a desktop printer and one currency counting machine. We are on the lookout for his associates,” said Karumathampatti Inspector Vadivelkumar.
Published – June 09, 2025 07:07 pm IST
