Indian currency counterfeiting racket busted, seven arrested

On interrogation of the accused, the names of several well-known advocates have also come to light, however, it is still under investigation, the DCP claimed.

The police have seized counterfeit currency including 95 notes of Rs 500 denomination totalling about Rs one lakh and two high resolution printers from the Defence Colony area of South Delhi, he said.

While Pankaj and Sandhu have been remanded to police custody, the rest were sent to judicial custody by a city court, he said.

Yadav said the Defence Colony police station had secret information that a lawyer was involved in distribution of counterfeit currency. Based on the input, a police team struck a deal with Sunil Kumar Yadav for fake currencies totalling Rs 10,000, he said.

When Sunil came to deliver the same, he was nabbed and subsequently others were nabbed based on the inputs provided by him, the DCP said, adding Pankaj and Krishnamurthy were allegedly the brain behind this whole operation.

After printing high denomination currency on high resolution printers, they allegedly used to sell currency worth Rs 10,000 for Rs 1,500 to Rs 2,000 to various lawyers, who used to act both as distribution agents and consumers, Yadav said.

Further investigations were on.