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
Fake currency racket busted in Jharkhand, two arrested.
RAMGARH: An inter-state fake currency racket was busted and two persons arrested...
BSF Guwahati seized cattle, Yaba tables, other contraband items worth Rs 12 cr this year till now
The Border Security Force (BSF) Guwahati Frontier seized a large number of cattle...
Growth of online shopping spurs trade in counterfeit products.
At a glance, the two websites bearing the Pandora name appear strikingly similar,...
£110k cash handover leads to smuggling gang downfall
A south Armagh man who unwittingly brought down a UK crime gang after he was...