Agra, Oct 29 (IANS) Police Thursday busted a fake currency racket, seizing notes amounting to hundreds of thousands of rupees, along with printers, water mark papers, scanners and computers from a house in the city.
Two men, identified as Naresh Makhija and Ajay Pal Singh, were arrested while the third, a computer expert Nand Kishore Makhija escaped.

The unit was printing fake notes of the denomination Rs.50 and 100.

Police said the raid followed information from its sources and the gang was involved in printing fake notes since long. They did not rule out the gang member’s connection with agents in Nepal and Pakistan. Intelligence officials were interrogating the two.

Cheque books, rubber stamps and bank drafts were also recovered from the house.

Currency notes, appearing as good as original, with the face value of more than Rs.100,000 were seized while notes printed on one side running into hundreds of thousands of rupees, were also found.

Makhija works in a garment shop and Singh in a factory manufacturing shoe laces.