Police claim to have busted a fake currency racket

Delhi Police today claimed to have busted a racket which was allegedly pumping Fake Indian Currency Notes (FICN) with the arrest of two men from Old Delhi Railway Station here this morning and recovery of counterfeit notes of the face value of Rs 20 lakhs from them.
According to police, the FICN operatives, who were arrested at 11 am today, belong to a well entrenched network which is involved in receiving huge quantities of FICN from across the Indo-Bangladesh border and in its onward distribution amongst various clients spread across north Indian states including Uttar Pradesh, Delhi and Madhya Pradesh.

The police identified the arrested operatives as Raj Kumar and Omprakash withholding their real identities. They were supposed to deliver FICN of the face value of Rs 20 lakh in lieu of Rs 7 to 8 lakh.
Both the arrested accused, along with several other similar modules, have been working for a long time and have successfully transported a huge amount of FICN for use in the markets of Uttar Pradesh, Delhi and Madhya Pradesh.
"Recovered FICN is of very good quality which is tough for the common man to identify. It has come to fore that it was being used at places which involved bulk transaction where each and every note cann ot be checked. It might also have been used in Hawala transactions," said Deputy Commissioner of Police (Special Cell) Sanjeev Kumar Yadav.

In its continuing pursuit to contain the menace of high quality FICN being pumped into Indian markets to corrode the Indian economy by agencies of a hostile neighbor, a team of Special Cell has been monitoring various FICN couriers/ smugglers operating across the Indo-Bangladesh borders, especially from the notorious Village of Kaliachak in Malda District of West Bengal, police said.
These operatives receive directions about the prospective Indian clients of this ISI mandated print of FICN from their handlers based out of Bangladesh. The major Indian market operators of the territories mentioned above keep on requisitioning FICN as per the demands being generated by various local big as well as small business houses.