Delhi Police busts fake currency gang in Uttam Nagar

Delhi Police busts fake currency gang in Uttam Nagar

With the arrest of three men, Delhi Police busted a fake Indian currency note syndicate in west Delhi’s Uttam Nagar.

Fake currency with a face value of Rs 2.8 lakh was recovered from the arrested, which they had brought from West Bengal and Bihar, the police said.

The arrested are Harish Kumar, 28, Pankaj, 23, and Kanwaljeet Singh, 23, all residents of Uttam Nagar in west Delhi. Harish is the kingpin of the syndicate, the police said.

“We received information that a syndicate of fake currency racketeers involved in the circulation of fake Indian currency notes in Delhi and NCR region would come at Om Vihar in Uttam Nagar. We laid a trap and Harish Kumar was apprehended,” said a police officer.

On searching him, fake notes with a face value of Rs 2.50 lakh in denominations of Rs 1,000 (75 notes) and  Rs 500 (350 notes) packed in two separate pieces of Hindi and Bengali newspapers were found kept in a black rexine bag.

With the help of Kumar, two other racketeers, Pankaj and Kanwaljeet were also arrested and fake notes with face values of Rs 18,000 and Rs 14,000 were recovered from them.

During their interrogation, Kumar revealed that in 2013, he met one Arjun Sharma in Tihar Jail who was arrested in the circulation of fake currency note case. Sharma asked Kumar to meet him after his release. In September 2015, Kumar met Sharma and introduced him to one ‘Munna Bhaiyya’, a kingpin of fake currency notes based in Bettiah, Bihar.Bhaiyya induced Kumar to join him in the illegal syndicate. He started bringing fake notes to Delhi from Bihar in small quantities and circulated the same in the local markets here on his boss’s instructions.

After some time, Kumar created his own network for the circulation of fake currency in Delhi comprising youths. “He used to bring fake currency at the rate of 52 % from the original one from Bettiah and would supply the same at the rate of 65 % of its denomination to the local racketeers in Delhi who used to circulate the same in the markets of different areas of Delhi,” a police officer said.Harish Kumar further disclosed to police that he had brought around Rs 35 lakh of fake currency to Delhi in about 10 consignments (three or four lakh in each .

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