Counterfeit currency racket was on for over a year,say police

Deputy Commissioner of Police (Special Cell) Arun Kampani said the two men confessed they had been operating for a year.

Kampani said Ghulam and Ali worked as transporters in Jammu. “Ghulam was the owner of a trading company while Ali was his employee. They have been in this racket for the past one year. We are still interrogating them.”

Police sources said Ghulam told them that he owned the Khawaja Trading Company and used it as a front to smuggle fake currency from Pakistan. The two men were arrested from Jammu by the Special Cell on Tuesday evening.

The two men,sources said,admitted they were the first point of contact for Iqbal Rana who transported fake currency into India through the borders of Rajouri and Poonch.

“Yakub and Ali have been working as transporters for quite some time. No one suspected them and they were known to people at the border. The fake currency was concealed in packages of clothes and stored in a godown. They would wait for the right time to send it to Delhi by train,” an investigating officer said.