Three arrested for running fake currency racket in Delhi

Delhi Police claimed to have unearthed a fake currency racket with the arrest of three persons and recovery of counterfeit notes.

Last Updated: Sep 25, 2010, 20:16 PM IST

New Delhi: Delhi Police on Saturday claimed to have unearthed a fake currency racket with the arrest of three persons and recovery of counterfeit notes with face value of
Rs 1.6 lakh.

The arrested have been identified as Shankar Singh (35), Shakeel Ahmed (45) and Rahul Pal (24), Deputy Commissioner of Police (South) H G S Dhaliwal said. They were apprehended from near fruit and vegetable market in Kotla Mubarakpur yesterday after a decoy customer was sent to strike a deal.
During interrogation, Dhaliwal said, they told police that they were part of a major gang involved in circulation of counterfeit Indian currency notes of Rs 1000, 500 and 100
denomination in Delhi and NCR .

"They generally deliver these fake notes to small time traders and merchandisers. The kingpin of the gang Shakil has also been arrested earlier in 2008," he said.

"The job of Rahul was to search gullible prey who in order to earn easy and fast money came in contact with them. Rahul works as the frontman and delivers the fake notes.
Shankar has also built a house for his family," he said.
Their bank accounts would be scrutinized to assess the wealth they have accumulated through the circulation of fake note in the markets of Delhi.

PTI

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