Six persons have been arrested in this connection, including two from West Bengal and three from Bihar.
In a major success, the Special Cell of Delhi police today claimed to have busted a gang involved in procuring FICN from Bangladesh and circulating it in India through West Bengal border.
According to the police, three men including two residents of West Bengal were apprehended at 12.15 pm here today from Indira market, in Malka Ganj.
FICN of face value Rs 5 lakh in the form of four wads of Rs 500 and three wads of Rs 1000 were recovered from them.
More From This Section
"Kamal is a declared 'bad character' of Sabzi Mandi police station here and has several pending cases against him.
"He also runs a betting syndicate and was used to dump FICN in this business, " said a senior police official.
During interrogation the two couriers allegedly told police that they had earlier delivered an FICN consignment of Rs 9 lakh some time ago and has pumped around Rs 50 lakh in the Indian market in the last several months.
"We had raided his hideouts with the help of West Bengal police in the past but faced a lot of resistance," the official said.