Counterfeit coin racket busted, businessman, his associates held

The Delhi Police has arrested a businessman, along with his associates, and seized counterfeit Rs 10 coins amounting to a face value of Rs 10.16 lakh from factories allegedly run by him, officials said. Police said the accused was running four units to allegedly manufacture the coins and had 674 kg of raw material for the same.

On Friday, the Special Cell received information about an illegal coin manufacturing unit outside Delhi and started conducting raids. At Tikri Border, police said they caught the main accused, identified as Naresh Kumar (48), with counterfeit coins with face value of Rs 1.01 lakh.

DCP (Special Cell) Rajiv Ranjan said, “Kumar tried to mislead the team but later confessed to his involvement, and led us to his factories at Dadri, Haryana. He was circulating the coins in Delhi and Haryana, and has already been arrested in four similar cases. A total of four manufacturing units to make counterfeit Rs 5 and Rs 10 coins were found and more coins and machines were recovered.”