Delhi Police arrest 2 men, recover counterfeit notes equivalent to Rs 550,000
Posted on – 09:45 PM, Tuesday – 27 June 23
New Delhi: Two men have been arrested for allegedly printing and supplying high-quality counterfeit Indian banknotes in Delhi and the National Capital Region, police said on Tuesday.
One of the defendants planned to print fake Indian banknotes (FICN) as a means of making easy money. They say he was inspired by the web series “Farzi”.
The accused were identified as Tajim and Ishad from Kellana district of Uttar Pradesh.
They said counterfeit notes worth Rs 5.5 lakh (approximately Rs 550,000) were seized from the pair, both in denominations of Rs 2,000.
The defendants took advantage of the gradual phase-out of Rs 2,000 notes to print and circulate them.
On June 21, the police received a report that a member of a gang circulating fake Indian currency was going to Alipur to deliver goods. A trap was set by the police, Tajim was arrested and high-quality FICNs equivalent to Rs.
Tajim revealed that he received counterfeit money for circulation from Ishad. Police then arrested Ishad from Kellana and seized FICN equivalent to Rs 300,000 (approximately Rs 300,000) from his home, Dhaliwal said.
Irshad revealed to the police that after realizing the high demand and profit margins for FICNs, he started printing counterfeit notes in his shop and started supplying counterfeit notes in Delhi/NCR.
They use proper raw materials and equipment to produce FICN. They also purchased special inks through various websites. Tajim, a former dyer, used his contact information to spread the notes, police said.
Irshad has suffered huge losses during the coronavirus pandemic. In formulating his money-making scheme, he considered making easy money by printing counterfeit banknotes, as Kellana was earlier at the center of such activities, police said.
