The Hindu : Other States / New Delhi News : Fake currency racket smashed

Online edition of India's National Newspaper
Saturday, Jul 10, 2004

Other States

Other States - New Delhi

Fake currency racket smashed

By Our Staff Reporter

NEW DELHI, JULY 9. A racket in counterfeit currency notes, being operated from Meerut in Uttar Pradesh for the past several months, was smashed by a special team of the North Delhi police. Fake notes of Rs. 1,000, Rs. 500, Rs. 100 and Rs. 50 denominations worth Rs. 99,700 have been recovered and two persons arrested. A copier machine and other accessories were also seized from their Meerut base.

Acting on a tip-off that a man from Uttar Pradesh would come to Delhi's Inderlok market by a Delhi Metro train to deliver a consignment of fake currency to a miscreant, Abdul, Sub-Inspector Gajender Singh and his colleagues laid a trap and arrested the suspect around 6-30 p.m. He identified himself as Farzanda. The police found fake currency worth Rs. 67,200 in Rs. 500 and Rs. 100 denominations in a polythene bag he was carrying.

During interrogation, Farzanda disclosed that he had obtained the notes from Mausam Ali, a resident of Bisola village of Meerut. Accordingly, a team arrested Mausam from Mawana village where he was living in a rented accommodation. From there, the police recovered a colour printer-cum-scanner and copier used to copy notes, ink cartridges, inks, syringes used to refill the cartridges, scale, cutter, white paper and fake currency worth Rs. 32,500 of Rs. 1,000, Rs. 500 and Rs. 50 denomination.

The Deputy Commissioner of Police (North Delhi), Rajesh Khurana, said Farzanda was earlier arrested in 2000 by Muzaffarnagar police on same charges. His son, Gulfam is presently lodged in Meerut Jail for dealing in counterfeit currency. Gulfam had asked him to contact Mausam for selling counterfeit currency. Mausam disclosed that he was initiated into this business by one Sagar, a resident of Bundana, a year ago. Sagar first gave fake notes worth Rs. 5,000 for Rs. 2,000 to Mausam to distribute the same in open market, following which the former started working for Sagar.

After Sagar vanished from the scene due to police pressure, Mausam took the copier to his house and started copying notes. The police said the accused used paper whose width matched with that of currency notes. However, they were unable to print the security-water marks and silver line on them, due to which the notes were easily distinguishable from genuine ones. "We have secured their custody for further interrogation in coordination with the Special Cell to probe into their suspected links with subversives," said Mr. Khurana.

Printer friendly page
Send this article to Friends by E-Mail

Other States

News Update

Stories in this Section

Fake currency racket smashed

Wife `sacrificed' to save son