Two arrested with counterfeit currency

April 18th, 2008 - 10:50 pm ICT by admin  

New Delhi, April 18 (IANS) The Delhi Police Friday claimed to have busted a Pakistan-backed fake currency racket by arresting two people with counterfeit currency totalling Rs.180,000 in denominations of Rs.500. Acting on a tip off, the police arrested the duo Thursday from Patparganj industrial area in east Delhi.

“We received an information that Pakistan’s ISI (Inter-Services Intelligence) runs a counterfeit currency racket and it is active in Delhi. ISI agents smuggle fake currency from Bangladesh,” Deputy Commissioner of Police Alok Kumar told reporters here.

The arrested men were identified as Iqbal and Furkan.

“Furkan disclosed that he was working at a carpet factory in Panipat (Haryana) and was introduced to the racket by a person, Yakoob. Till date, this racket has circulated more than Rs.2.5 million of fake Indian currency,” Kumar added.

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