Two fake currency racketeers arrested

Image
Press Trust of India New Delhi
Last Updated : Jul 08 2016 | 9:07 PM IST
Two members of an alleged fake currency circulation racket have been arrested and counterfeit notes of face value Rs 2 lakh routed through Malda recovered from them, police said today.
Vikas Kashyap, kingpin of the racket, and his associate Rohit Saxena were caught by a Crime Branch team, as they settled a deal with a decoy customer at Adarsh Mohalla in Maujpur, said Ravindra Yadav, Joint Commissioner (crime) of Police.
The 400 fine quality fake Indian currency notes (FICN) of denomination Rs 500 recovered from them were routed from Malda in West Bengal, he said.
Kashyap said during interrogation he was introduced to FICN circulation by Mohammad Zafar and Mohammad Abutala whom he had met through Prem Chand, the kingpin of Delhi-NCR of the racket, arrested earlier by Special Cell.
Efforts are being made to trace absconding members of the racket involved in circulation of FICN in Delhi, NCR and other parts of the country, the officer added.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Jul 08 2016 | 9:07 PM IST

Next Story