Woman arrested with Rs.1.8 mn counterfeit currency (Reissuing with correction)

March 19th, 2009 - 9:35 pm ICT by IANS  

New Delhi, March 19 (IANS) Delhi Police said they have cracked a fake currency racket with the arrest of a young woman in possession of counterfeit currency with the nominal value of Rs.18 lakh (Rs.1.8 million).
A special cell in north-east Delhi arrested 24-year-old Rizwana March 14 after a probe into a specific tip off about her alleged involvement, police officials said.

The arrest came after a deal was struck for fake notes worth Rs.50,000 in exchange for Rs.25,000 of genuine currency and a decoy customer was sent to her residence. A raid resulted in the recovery of the fake notes.

Police officials also said that they suspect the involvement of Pakistan’s Inter Services Intelligence (ISI) in the racket since the brother-in-law of the accused is a Pakistani national and is allegedly involved in the circulation of counterfeit notes in India.

A hunt is on to nab other members of the gang.

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