Fake currency case: Court rejects bail plea of 2 accused

Srinagar: A court here has rejected bail applications of two persons allegedly involved in the fake currency notes case.
1st Additional Sessions Judge Srinagar, Subash C Gupta denied bail to Basharat Saleem Shah and Mohammad Yousuf Illahi, son of Ab Gaffar Illahi, both the residents of Baramulla, who according to police are involved in fake currency notes case.
According to the police, on March 3 last, Police Post Nehru Park Srinagar received information through reliable sources that a group of persons was engaged in carrying the business of fake Indian currency.
It was further reported that one member of the group, Arshad Ahmad Kaloo, son of Gh Mohammad Kaloo of Nehru Park was in possession of fake Indian currency.
On the basis of this information, FIR No.29/2014 for commission of offences under Section 489-A and 489-B of RPC was registered with the Police Station Ram Munshi Bagh.
During the course of investigation, 15 accused were arrested and from their possession, fake Indian currency notes of an amount of Rs 9,10,500 were recovered.
From the petitioner—Basharat Saleem Shah, fake Indian currency notes of Rs 19,000 were recovered, whereas, from other Allie, Rs 28,000 fake notes were recovered, police said.
It also came to fore that fake Indian currency notes were given to them by kingpin of the group namely Masood-ul-Haq.
“It can be said with certainty that there are strong accusation against the petitioners which proves prima facie their involvement in grave, heinous and serious offence of counterfeiting Indian currency notes by hatching criminal conspiracy with the other accused,” 1st Additional Sessions Judge Srinagar said after hearing counsel for the petitioners and Additional Public Prosecutor M Y Dar.
“Severity and degree of punishment is at higher side. Faith of the general public would be shattered in case petitioners are released on bail in such a heinous crime. Though, the individual liberty is considered as a cardinal right of an accused, yet it can be scarified, where the large interest of the society is involved”, the court further said, rejected the bail plea by the duo.