International Counterfeit Currency Racket Busted, 4 Arrested In Delhi

Four contributors of a global gang involved in circulating Faux Indian Currency Notes (FICN), pumped into India with the aid of Pakistan via Bangladesh, have been arrested, police said on Friday.

Sheikh Fazullah, 25, Sheikh Sehzad, 39, Habibur Rehman, 35, and Rehman, 42, were arrested from Delhi and Bihar in a sequence of raids performed via Delhi Police this week.

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“We were trailing the racket for more than closing Four months and managed to discover their names. We recovered FICN having face value of Rs. 10.25 lakh (in denominations of Rs. 1,000 and Rs. 500) from the ownership of the arrested folks,” said Deputy Commissioner of Police (Special Mobile) Sanjeev Yadav.

Sehzad and Fazullah, each belong to same village in Bihar‘s Motihari district and presently residing in Uttar Pradesh Meerut, were arrested on June 25 at the same time as replacing a consignment of FICN near Wazirpur bus depot in north Delhi.

Rehman became arrested close to east Delhi’s Dilshad Garden Metro Station on June 27 with FICN with face price of Rs. 25,000, while Habibur Rehman become held Friday in Bihar wherein he had come to deliver a consignment of FICN with a face value of Rs. 6 lakh.

The officer said that the FICN become being pumped by Pakistan in India thru Bangladesh. “These Fake notes are first smuggled in Malda (West Bengal) via Bangladesh-India border and then surpassed over to FICN racketeers in diverse elements of the united states which includes Delhi. The change of these Fake notes also take area through Nepal border,” the officer said.

The arrested people revealed police that the triumphing marketplace charge is Rs. 40-50 for every Rs. 100 be aware of Faux Forex. “As huge transactions are nevertheless made in cash, consequently, there is huge demand of Fake Forex in Delhi-NCR,” the officer stated.

“The Forex notes have most of the security functions and it’s far not possible to differentiate with naked eyes. They further advised that each one the brand new security capabilities delivered through the government are speedy updated in Fake Forex notes also,” the officer said.

Sehzad, Fazullah and Rehman informed police that they used to acquire FICN consignments from Bihar and then bought it to retail customers in smaller quantities of Rs. 10,000 to Rs. 20,000.

The officer said that Habibur Rehman and his cousin Jamal, who’s nevertheless absconding, are the main suppliers of FICN and they used to run this racket in partnership.

Habibur Rehman revealed that a lot of his family participants are indulged in smuggling of FICN, the officer stated.

“In addition investigation of case is in development. Efforts to nab final participants of this syndicate are being made. A team is already in West Bengal to arrest closing participants of this syndicate,” the officer said.

The contractors have submitted gives to pay for the metro project, and the branch is to determine within six months the way to fund it, he said. The RTA expects paintings on the network to continue on schedule even amid a challenging economic surrounding, he stated.

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