Fake currency seized in Punjab, four held

Nawanshahr (Punjab), Aug 4 (ANI): Punjab police busted a fake currency racket here and arrested four people including a resident of Nepal.

Counterfeit Indian currency notes with a face value of rupees 565,000 were recovered from the men arrested in Nawanshahr city.

Speaking to reporters here on Monday, Rakesh Aggarwal, Senior Superintendent of Police, Nawanshahr, said that the gang used to get the fake currency via Nepal.

"This gang used to sell fake Indian currency brought from Nepal to India. From Nepal this gang used to purchase fake Indian currency of 100,000 rupees in exchange for 25,000 rupees and used to sell it for 65,000 (rupees) in India. Till now they have sold around 1.6 million rupees worth of fake currency in India," he said.

The arrest comes just a day after police held a woman suspected to be an agent of Pakistan's Inter-Services Intelligence (ISI) and seized counterfeit Indian currency around rupees 400,000 in Chandigarh. (ANI)