Latest news with #FICN-related
Time of India
14 hours ago
- Time of India
Delhi police recover counterfeit currency racket operating from bangladesh through bihar
New Delhi: In the first seizure of Fake Indian Currency Notes (FICN) this year, Delhi Police Special Cell recovered counterfeit notes with a face value of Rs 4 lakh. The high-quality fake notes, all in Rs 500 denomination, were smuggled into Delhi via Bangladesh. The courier was traced to Datia in Bihar. The accused was identified as Naushad Alam (22), a resident of Bettiah, Bihar. Additional CP (Special Cell) Pramod Kushwaha said that the unit worked on FICN-related intelligence for the past four months. "We had credible information that an interstate syndicate was involved in the circulation of fake currency across various states, including Delhi and the National Capital Region (NCR)," he said. During surveillance, it was discovered that counterfeit currency was smuggled into India through the porous Indo-Bangladesh border. Alam was finally apprehended near the Vijay Ghat Bus Stand while attempting to deliver a large consignment of fake currency to a contact of one of his associates. A cursory search led to the recovery of high-quality counterfeit notes amounting to Rs 4 lakh from his possession at the spot. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với mức chênh lệch giá thấp nhất IC Markets Đăng ký Undo Deputy commissioner of police (Special Cell) Amit Kaushik said Alam was part of a larger interstate FICN racket. "He revealed that he used to procure fake currency at the rate of Rs 200 per Rs 500 note from his sources and sold it to his contacts for Rs 300 per note. He already delivered 4–5 consignments of FICN to various contacts in Bihar, Delhi, and NCR," Kaushik added. During the investigation, it was revealed that several Bangladesh-based operatives were involved in pumping counterfeit currency into India through border routes. Police suspect that a significant portion of the profits from this racket is used to purchase sophisticated weapons. Police said Alam, driven by financial hardship, was lured into the racket by a man who convinced him to work as a courier. On this handler's directions, Alam procured and delivered fake currency to various parts of the country. Further investigation is underway to identify other members of the syndicate and trace the network's roots.
The Print
18 hours ago
- The Print
Fake currency racket busted; man held in Delhi with Rs 4 lakh counterfeit notes
A police team had been working on FICN-related intelligence for the past four months. During this period, credible inputs were received regarding the activities of a syndicate operating across multiple states, including Delhi and parts of the National Capital Region (NCR), a senior police officer said. The accused, identified as Naushad Alam (22), was apprehended near Vijay Ghat Bus Stand on May 8 while allegedly attempting to deliver a major FICN consignment, he said. New Delhi, Jun 7 (PTI) The Delhi Police has arrested a key member of an interstate Fake Indian Currency Note (FICN) syndicate and recovered counterfeit currency worth Rs 4 lakh from his possession, an official said on Saturday. 'Surveillance revealed that the fake currency was being smuggled into India via the porous Indo-Bangladesh border. The team succeeded in identifying key operatives of the network,' he said. Acting on specific information, a trap was laid at the Vijay Ghat Bus Stand on the morning of May 8, where Alam was intercepted. A search led to the recovery of Rs 4 lakh in high-quality counterfeit currency, all in Rs 500 denomination. During interrogation, Alam disclosed that he was working for a handler based in Malda, West Bengal, and was receiving instructions from another operative. He admitted to supplying fake currency to contacts in Bihar and Delhi on multiple occasions. 'He was procuring FICN at the rate of Rs 200 for a Rs 500 note and reselling it at Rs 300,' the officer said, adding that Alam had already delivered four to five consignments in the past. Investigators suspect that the proceeds from the fake currency trade are being funnelled to purchase sophisticated arms and Bangladesh-based operatives are actively involved in smuggling FICN into India. Police have registered a case under the relevant provisions of the Bharatiya Nyaya Sanhita (BNS) at the Special Cell police station. Further investigation is underway to trace and apprehend other members of the syndicate. Alam is reportedly illiterate and was lured into the trade due to his poor financial condition, police added. PTI SSJ KSS KSS This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
