Special Cell busts syndicate pushing fake currency into country; Rs 8L notes seized
New Delhi: Delhi Police’s Special Cell has busted an international syndicate indulging in circulation of fake Indian currency notes (FICN) in the country and arrested two key suppliers. Notes in the denomination of Rs 2,000, with a face value of Rs 8 lakh, have been seized.
According to DCP Jasmeet Singh, the consignment was being routed to India from Bangladesh borders through Malda in West Bengal.
“The syndicate picked up the consignment in Murshidabad, West Bengal, on the India-Bangladesh border for Rs 30,000 per lakh and sold it for Rs 45,000 per lakh to their contacts,” DCP Singh said. The module, cops claimed, had brought Rs 2-crore notes in the past two years.
The two arrested men have been identified as Feroj Sheikh (42) and Muffazul Sheikh (52) from Murshidabad. A team comprising inspector Ishwar Singh and ACP Attar Singh had been tracking the members of fake currency syndicates.
“The two were apprehended in the intervening night of December 21 and 22 near Kalkaji temple bus stand,” the DCP added.
The police had received information in the last week of October that a module was aggressively pushing in fake notes in north Indian states after procuring them from Indo-Bangladesh border.
The members of the module were identified and surveillance mounted on the movements of the members of this syndicate and requisite intelligence was collected.
Related Posts
Tax hikes on cigarettes and alcohol to encourage smuggling, tradesmen union says
The recent rise in fixed tax from cigarettes and alcohol over the inflation rate...
Cheetham Hill: Tonnes of fake goods seized in raids repurposed
Police have repurposed about 300 tonnes of counterfeit goods seized from shops...
Illegal ciggies seized during raid on sundry shops
Customs officers have seized 2,000 sticks of smuggled Tex cigarettes from a...
Tanzania: Some Fake Goods Are Dangerous
JUMA Mlagaja bought fake electrical wiring cables unwittingly for his new...

