The super-fine quality fake currency recovered is suspected to be printed in Pakistan and pushed into India through Bangladesh.
The two accused, identified as Mohd Baharudin alias Baharu (27) a resident of Malda district of West Bengal and Badruddin Mayudin Syed alias Badru (55), a resident of Vadodara, Gujarat were arrested from outside Old Delhi Railway Station on Saturday.
During investigation, on 16 August, specific information was received that one Baharu has collected a huge consignment of FICN in Malda, West Bengal and would be reaching Old Delhi Railway Station by Kalka Mail from Kolkata to deliver the same to one of his associate.
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Upon being counted, each recovered wad was found to be containing 100 fake currency notes. There were 300 notes of Rs 1000 denomination and 200 notes of Rs 500 denomination, total amounting to a sum of Rs four lakhs of FICN.
During interrogation, accused Baharu allegdly revealed that he was given the consignment for delivery by someone (name withheld by police). Baharu had supplied FICNs to other peddlers in different states of India, especially Delhi and Gujarat in the past.