One held for printing, circulating fake currency notes: Police

A man was arrested here for his "involvement" in printing and circulating counterfeit currency notes of Rs 100 and Rs 500 denominations, the police said today.
Fake currency notes with a face value of Rs 47,500 and equipment used to print these notes were also seized from his possession, they added.
The police recently got to know about a syndicate involved in printing and circulating Fake Indian Currency Notes (FICN) at central Delhi's Farash Khana.
On September 6, the police were informed that a man was selling fake currency notes for half the value of their denominations at Kudda Khatta, near the Chawri Bazar metro station.

Posing as a customer, a constable met the accused.
While the accused was busy striking a deal with the constable, a police team arrived at the spot and nabbed him.

The accused, Sameer Khan (32), a tailor by profession, was found to be in possession of 35 fake notes of Rs 500 denomination and 80 fake notes of Rs 100 denomination, said Deputy Commissioner of Police (Central) Mandeep Singh Randhawa.
Subsequently, fake currency notes with a face value of Rs 22,000 were seized from the residence of the accused, he added.
Khan told the police about his involvement in a 2007 murder case at the Lahori Gate, in which he was arrested and sent to Tihar Jail.

There, he met another inmate, Wasim, who was jailed in connection with a counterfeit currency case.
Wasim told Khan that he used to procure counterfeit currency notes and the material for printing these notes from Bangladesh, the officer said, adding that the two decided to work together after getting out of jail.
Khan was released from Tihar Jail in 2014 and Wasim walked out of prison in 2016.
Wasim used to supply fake currency notes to Khan, who used to sell them at the weekly markets, the police said.
The equipment for printing fake notes were seized from the residence of Khan, who had learnt the technique of producing counterfeit notes, the DCP said.

Recently, Wasim had gone to Bihar and Bengal with fake currency notes in order to use them through his contacts to buy machines to print fake notes, he added.
He was also planning to bring some "high-quality" counterfeit notes from there, the DCP said.
A hunt to nab Wasim was on, he added.