Fake currency racket busted,3 held with notes worth nearly Rs 4 lakh

“The seized currency notes were in the denomination of

Rs 1,000 and Rs 500. The counterfeit money trail was traced to Bettiah in West Champaran. These fake currency notes are being smuggled into the country through the porous Indo-Nepal and Indo-Bangladesh border,” Yadav said.

On March 11,this year,police received specific information that two people from Bettiah,who often came to Delhi to supply fake currency in Delhi & NCR,would be found close to the New Delhi railway station to supply the fake notes. The duo,Arjun and Parma,were arrested from the Ajmeri Gate side of the railway station. After a search,police recovered Rs 2 lakh from Arjun and Rs 1.5 lakh from Parma.

Based on their questioning,police arrested Satinder on March 13 and recovered notes of Rs 20,000 in the denominations of Rs 500 from him. According to police,the gang’s main supplier,identified as Nagina,also a resident of West Champaran,Bihar is absconding.

Shah,police said,has been involved in two criminal cases earlier including that of causing hurt and extortion.

According to police,after graduating in 1997,Sharma became the Sarpanch of his village in 2006. He taught on a contract basis for the Education department under the Bihar government and was teaching at a government school till recently. In 2011,he and Shah came in touch with one Lal Babu,who is presently in jail in Siliguri. Arjun became a carrier for Lal Babu and started supplying fake currency in Bihar on a five per cent commission basis. After Lal Babu’s arrest,he along with Shah,started supplying fake currency notes in Bihar and later in Delhi.

“They procured fake currency notes from Nagina at the rate of Rs 52/53 (for Rs100) and would dispose it off at Rs 60/65. Sharma further disclosed that Nagina brought the fake notes from Bangladesh at the rate of Rs 45/46,” Yadav said.