Four held for running fake stamp paper racket

The Central Crime Branch (CCB) sleuths arrested four persons for running a fake stamp paper business. The arrests were made after a raid at Vinayaka Enterprises in BDA complex, Koramangala.

The police have recovered stamp papers and seals from the four, who have been identified as Krishna B D (42), Srinivasa (46), Narasimhamurthy (36) and Nadeem (23).

The suspected were involved in creating fake stamp papers of various denominations and were selling them to clients who would use the papers for rental agreements, change of address, marriage certificates, and others. The four arrested, along with Raghavendra, a tout, used to get colour photocopies of the stamp papers.

The gang used to get the franking done in some other name and use it for various purposes. With the help of two notaries, B M Chandrashekhar and A S Narayana Reddy, they used to forge signature and seal of the sub-registrar and sell them for Rs 500 to
Rs 1,000, the police said.

A senior police officer said, “The prime accused in the racket, Krishna, was involved in a similar offence in 2005 and was arrested and remanded in judicial custody. He was released on a bail five years ago, but continued his activities. Police are looking for others involved in the racket”
Koramangala police have registered a case.