Fake notes having face value of Rs 5.50 lakh seized

New Delhi: A team of Special Cell (Southern Range) has busted an international syndicate indulged in circulation of Fake Indian Currency Notes (FICN) into various parts of India including Delhi and have recovered consignment of FICN having face value of Rs 5.50 lakh in the denomination of Rs 2000 notes. The police has arrested three persons in this regard.

FICN is being suspected to have been routed through Malda in West Bengal and being pumped in Delhi, UP, Bihar and West Bengal. The arrested men are identified as Zulfikar Alam a resident district Motihari (Bihar) Age-45 years, Deepak Kumar Mandal and Uttam Mandal, both residents of Malda district in West Bengal .

Special Cell received information regarding attempts of reviving circulation of FICN by the members of an international syndicate. Officers were deputed to develop the information about members of syndicate. Secret sources were deployed to gather more information in this regard. Surveillance was mounted on the movements of members of this syndicate and requisite intelligence was collected.

"The systematic and painstaking efforts of team resulted into revealing of information that FICN is being pumped in India from Bangladesh through porous border in Malda, West Bengal and also from Nepal. It was also revealed that FICN was being pumped by these FICN racketeers in various parts of the country including Delhi" said DCP Special cell PS Kushwah.

First Zulfikaar was nabbed from Thomson road near New Delhi railway station on December 17 and later Deepak and Uttam Mandol were arrested on his instance. Deepak Kumar Mandal procures FICN at a rate of Rs 300 per thousand from the border of Bangladesh and then further supplies it at the rate of Rs 450 per thousand Zulfikar was selling FICN at rate of 500 per thousand in Delhi.