Delhi Police busts interstate fake currency racket, arrests kingpin in Mumbai
Delhi Police have busted an interstate counterfeit currency racket allegedly operating between Maharashtra and the national capital and arrested three people, including the alleged kingpin
Delhi Police have busted an interstate counterfeit currency racket allegedly operating between Maharashtra and the national capital and arrested three people, including the alleged kingpin, officials said on Friday. Police said they also uncovered a printing unit in Navi Mumbai linked to the network. The accused have been identified as Natraj Mohan Kanchan, 62, a resident of Navi Mumbai, Vinod Munnilal Jaiswar, 38, of Mumbai, and Subhash Chandra, 55, of Delhi's Maksudpur. Read Full Story Police said they recovered 299 fake currency notes overall and later said the seizure included 286 counterfeit Rs 100 notes, 13 counterfeit Rs 500 notes and six sample counterfeit Rs 500 notes. The racket came to light after a shopkeeper in Bhalswa Dairy spotted suspected fake notes while taking payment from a customer.
Police said Pankaj, who runs a general store in the area, told them that on the night of June 29, a customer bought five packets of cigarettes and paid with six Rs 100 notes. "Suspecting the notes to be counterfeit due to their appearance and texture, he alerted a beat officer patrolling the area. The officer reached the spot, examined the notes and found them to be counterfeit based on their physical characteristics," the officer said. The suspect was detained and later identified as Kanchan. Police said 96 counterfeit Rs 100 notes were recovered from his bag during a search, after which a case was registered and an investigation launched.
"During interrogation, Kanchan allegedly disclosed that he was staying at a hotel in Paharganj. A raid at his hotel room led to the recovery of another 180 counterfeit Rs 100 notes and 13 counterfeit Rs 500 notes," the officer added. Police said Kanchan also revealed that he had supplied counterfeit currency to Delhi-based Chandra for circulation. Chandra was arrested on June 30, and 10 counterfeit Rs 100 notes were recovered from him. The investigation later took the police team to Navi Mumbai, where, with help from Mumbai Police, a counterfeit currency printing unit was allegedly unearthed at Kanchan's residence, the officer said. Police said a laptop, a printer, a lamination machine, paper rolls, watermark papers and other equipment allegedly used to make fake currency were recovered from there.
Based on technical surveillance and further investigation, police arrested Jaiswar from Navi Mumbai Railway Station on July 13. "Investigators described Jaiswar as the technical mastermind of the syndicate who allegedly designed counterfeit currency templates using computer software and facilitated their printing," the officer said. Further investigation is underway. In all, police said the case led to the arrest of three men, the recovery of fake notes and the unearthing of a printing unit in Navi Mumbai. Ends
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