Meerut, June 25 -- In a major breakthrough, police in Shahjahanpur exposed a counterfeit currency racket and arrested three members of the gang, including the alleged mastermind, a trained pathologist named Nafees Ahmed. The accused were caught with an elaborate setup for printing fake currency and a stock of counterfeit notes worth Rs.4.61 lakh.

The arrest was made on Monday when Nafees was entering Shahjahanpur with the entire fake currency printing setup in a car, reportedly with plans to settle in the city and establish a local distribution network. Acting on intelligence, the police laid a trap and arrested Nafees along with his accomplices, Pankaj Gangwar and Nikhil Mishra.

Superintendent of police Rajesh Dwivedi identified the ac...