Two persons, allegedly involved in supply and circulation of counterfeit Indian currency notes in Delhi, have been arrested and fake notes having the face value of Rs 1.10 lakh have been recovered from them, police said today.
The two, identified as Vinod Singh (36) -- resident of Sonia Vihar and Munna Singh (30) -- a resident of Okhla, are said to be the members of an interstate racket which was involved in the circulation of counterfeit Indian currency notes in the national capital.
They were arrested by the Crime Branch of Delhi Police.
"We got information yesterday that members of interstate gang involved in supplying and circulating fake notes in Delhi would come to Anand Vihar Railway station to meet their contacts. Acting on tip-off, police arrested Vinod and Munna," Additional Commissioner of Police (crime) Ashok Chand said.
Police have recovered Rs 1.10 lakh of counterfeit notes of Rs 500 denomination from them, he added.
He also said that Vinod, who was a readymade garment vendor, had suffered heavy losses in his trade and borrowed money at high interest rate but could not repay in time.
"Vinod then approached one of his associate in Bihar, who had links with counterfeit currency racketeers. He along with Munna Singh procured counterfeit notes from their contact in Bihar's Betia district.
"They then brought it to Delhi for circulation. They used to circulate these counterfeit currency notes at weekly markets in trans-Yamuna areas," Chand said.
