Acting on the disclosures made by arrested Territorial Army (TA) jawans-- Mohammad Inayat Hussain and Mohammad Aslam, who were found to be in possession of fake currency with a face value of Rs 1.70 lakh-- police conducted raids in the district on Wednesday.
They nabbed SPO Ziauddin and prime accused Nizamuddin and recovered counterfeit notes with a face value of Rs 17,000 from them.
According to the police, fake currency with a face value of Rs 5 lakh was sent by top Hizbul Mujahideen (HM) commander Abu Atif from Pakistan-occupied Kashmir (PoK) to Poonch through a militant courier and guide Bashir Ahmed on the intervening night of August 11-12, they said.
The TA jawans told police that the counterfeit notes were given to them by army officials for its conversion in the market at 30 per cent commission, they said.
Published 27 August 2009, 10:01 IST