Four people have been arrested for allegedly circulating fake currency notes and counterfeit notes with the face value of ₹8.48 lakh, the police said on Wednesday. The notes have been seized from them, they said.
The accused were identified as Farooq (27), Shariful Islam (21), Asif Raj (27) and Mukhtiar Ahmed (28).
Investigations revealed that fake Indian currency notes (FICN) were being pumped into various parts of India, including the Delhi-NCR, from Nepal and Bangladesh via Malda district in West Bengal, officials said, adding that they had been tracking the members of a syndicate involved in the circulation.
Trap laid
Based on a tip-off, a trap was laid near Siri Fort bus stand on November 21. A key member of the syndicate was supposed to come to receive a big consignment of FICNs from his contact. Around 6.30 p.m. Farooq and Shariful were nabbed and 300 fake notes in the denomination of ₹2,000, with the face value of ₹6 lakh, were seized from them, the police said.
A case has been registered in the matter.
During investigation, Shariful disclosed that he used to supply FICNs to his contact Asif Raj here. At his instance, Asif was nabbed on November 22 and 24 fake currency notes of ₹2,000 denomination, with the face value of ₹48,000, were seized from him. Asif revealed that he had got the notes from a Malda-based person and one Mukhtiar Ahmed from Nepal.
Subsequently, Mukhtiar was arrested on Wednesday morning from Anand Vihar railway station. FICNs with face value of ₹2 lakh were seized from him, the police said.
Investigations also revealed that Farooq and Shariful are partners in the syndicate, the police said, adding that the arrested persons had been involved in FICN circulation for about eight years.
