Two Fake Indian Currency Notes (FICN) suppliers have been arrested here and fake currency notes worth Rs 3 lakh recovered from their possession, police said on Friday.
Police said the accused Asif, 24, and Shakeel, 32, used to take the fake currency from Bihar and further deliver it to their contacts in Malda in West Bengal and Delhi.
They were arrested on Thursday night following a tip off, when they came near Bhalswa Golf Course to deliver a huge consignment of fake notes.
"During investigation, it was discovered the fake notes were printed in a very sophisticated printing unit. Having nearly all the security features including security thread and watermarks making, it difficult for a common man to distinguish between the fake and original currency notes," Deputy Commissioner of Police Sanjeev Kumar Yadav said.
"Asif and Shakeel were involved in supplying fake currency from last 15 years. They have delivered four to five consignments in Delhi. Fake notes were frequently smuggled into Malda in West Bengal and to Bihar through border in the exchange of drugs and weapons," the police officer said.
"Asif was arrested twice for smuggling fake notes before 2016. He was out on bail and is under trial in both the cases," he added.
"Asif and Shakeel used to procure consignments from one Jameel, a resident of Nepal for Rs 52 per note of Rs 100 denomination. Further, they used to sell it for Rs 60," Yadav said.
--IANS
sp/pgh/vd
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
