Three Currency Note Press employees, including a store department officer, were suspended in connection with the fake stamp paper racket, sources said in Nashik on Sunday.

The action came after a 10-ream water-mark paper, used to print currency notes, was found missing, CNP sources said. The incident came to light on January 13, 2002 during the tenure of then CNP General Manager V K Jain, who brought it to the notice of the Mazdoor Sangh and new General Manger Arun Ingale, who in turn informed the Union Finance Ministry.

Also Read The Fake Stamp Paper Racket

A three-member committee, headed by Joint Secretary of Devas Press P K Sharma, probed the matter and submitted its report on October 18 to the ministry. Ingale served the suspension orders to the employees after returning from Delhi on Saturday.

With this the total number of suspensions in both Indian Security Press and CNP in connection with the racket have gone up to seven.