New Delhi, Aug.13 (ANI): Delhi Police on Thursday arrested two persons allegedly involved in the printing and distribution of counterfeit notes from Jasola Village near Ashram area of the national capital.
Police recovered fake Indian currency notes having a face value of 700,000 rupees from the duo.
Acting on a tip off, the Crime Branch sleuths, kept a tab on the duo identified as Deepak Sharma, a compact disc (CD) shop owner and Jitendra Gupta, a cyber cafi owner and arrested them for printing and counterfeiting Indian currency notes.
According to Deputy Commissioner of Police (Crime), Delhi Police, mentioned Deepak Sharma had suffered huge losses in his business and thus got involved in fake Indian currency notes business to repay his debt.
"The special squad of Delhi Police' Crime Branch have arrested two people who were printing and circulating fake currency notes. They have been identified as Deepak Sharma and Jitendra Gupta. We have recovered more than seven hundred thousand rupees fake Indian currency notes. Other material including papers, printers, scanner, computers have also been recovered," said Neeraj Thakur, Deputy Commissioner of Police (Crime), Delhi Police.
Thakur also added that the duo had rented a flat exclusively to run the business of printing and distribution of fake currency notes.
"From the last few days they saw and read about fake currency racket in media and they also made a plan to make quick money by starting the same work. Initially they printed a few notes and circulated them in local market to test them. When they were not detected, they took a DDA flat on rent exclusively for printing notes on a large-scale and started work of printing and distribution form there itself," said Neeraj Thakur, Deputy Commissioner of Police (Crime), Delhi Police.
He said that the arrested duo were not involved with any other fake currency racket anywhere in the country and the printed notes were of low-to-medium quality.
Several cases of fake Indian currency notes being pumped into Indian market have been reported form several parts of the country.
Earlier in the day, the anti-terrorism Squad (ATS) of Gujarat state had arrested a key operative of a fake currency racket and seized counterfeit notes with a face value of 2,807 US Dollars.
The ATS had launched a detailed investigation to bust the fake currency racket that has been spread across various states of the country. (ANI)