A man suspected to be the kingpin in the recently busted fake currency racket in Coimbatore was arrested on Monday.
Police on Monday arrested S Kithar Mohammed, a resident of Vadavalli and a native of Kerala, in connection with the fake currency note case. Police tracked his cellphone and arrested him from a house in Anaikatti.
The racket came to light on June 1 following the arrest of Ananth while he was allegedly transporting fake currency with a face value of Rs 83 lakh in the denomination of Rs 2,000 notes.
According to police, Mohammed and one S Sundar, both history-sheeters, had rented a room at Vaelandipalayam on Thadagam road a couple of months ago and had been printing and circulating duplicate currencies.
“Shockingly, Ananth, who was arrested earlier, was engaged to circulate the notes in Oddanchathiram wholesale vegetable market. Mohammed, however, claims innocence and points fingers at Sundar,” an official said.
Police said Mohammed and his accomplice Sundar were the kingpins behind the racket and another special team was on the lookout for the latter, reportedly hiding in Kerala.
“We are checking whether they were funding Maoists. Since the notes were mere photocopies, the gang did not make quick money. We have alerted banks and Tasmac shops after busting the gang,” a senior police officer said.