Fake currency notes of Rs 1.20 crore seized in Gurugram

Gurugram: The Gurugram police in coordination with the national investigating agency (NIA) after a tip-off conducted a raid at Sector-48 and seized a large cache of fake currency notes amounting to Rs 1.20 crore.

Two persons were arrested by the National Investigation Agency (NIA) and Gurugram police in possession of fake currency.

The accused were identified as Wasim (20) from Nai Village and Kasim (44) from Singar village in Mewat. The fake currency note seized from their possession were in the denomination of Rs 2000.

Police have registered a case and launched an investigation to get details of the number of people who were involved in the business and distribution chain of the fake currencies.

"On the basis of confidential information, we were made aware that people with a large cache of fake currency notes were operating in Gurugram.

Subsequently, we formed a team and were able to catch these culprits red-handed. We are now trying to find more about the people involved in this racket. There may be a possibility that a syndicate may be functioning in the city" said a senior official from Gurugram police.

A case has been registered in Sadar police station where the accused will be tried under the sections they were under sections of 489- A (counterfeiting currency), 489- B (usage of forged bank currency notes), 489-C (possession of counterfeit notes) and 489-D (possessing materials for making the counterfeit notes).

The largest haul of fake currency notes that was recovered by the Gurugram police was of Rs five crores that it had seized last year. In January, Delhi police had seized fake currency with a face value of Rs 10 lakh from a West Bengal resident who was arrested near the Anand Vihar railway station.

The seized notes were in the denomination of Rs 2,000 and were printed in Bangladesh.