2 held with fake currency worth Rs 1.4 lakh | delhi | Hindustan Times
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2 held with fake currency worth Rs 1.4 lakh

delhi Updated: Jan 23, 2010 00:50 IST
HT Correspondent

The Special Staff of South Delhi Police on Friday arrested two men with suspected ISI links. The police also reportedly recovered fake currency worth Rs 1.35 lakh from their possession.

The police say the recovered fake currency is of high quality and appears to have been printed in a ‘neighbouring country’. The two men were picked up after a tip-off was received on January 13.

“We have caught two men with fake currency printed in a neighbouring country with an intention to circulate in Indian market,” said Deputy Commissioner of Police (South) H.G.S. Dhaliwal.

The accused were identified as Mohammed Hamid (23), a resident of Delhi’s Badarpur, and Malkiyat Singh (33), hailing from Uttaranchal.

Though Dhaliwal did not name Pakistan or the ISI, a senior official said they had every reason to suspect the ISI’s involvement as the seized fake notes were of very fine quality.

“These fake notes are of very fine quality and the security features like water mark, security thread and paper quality used in the currency notes is of high quality which makes it difficult to detect them as fake,” he added.

The duo were caught following investigations into an input that Hamid, an alleged carrier of fake currency from across the border into India, will come near PVR Saket on January 13.

During interrogation, Hamid told the police that he, along with an accomplice Mumtaz and some others suspected to be having link with ISI, collected the fake Indian currency notes from a person named Iqbal in Pakistan and brought it India via the bordering areas of Bihar.

“They used to buy the fake Indian currency at half its original value and sell it to their prospective agents at 75-per cent of the original value,” Dhaliwal added.

Dhaliwal told the police that after getting the consignment from Hamid, he used to supply it in Terai region of Uttaranchal.

The police said that Hamid came to Delhi in 2000 and began working as a helper in private buses. After some time, his entire family shifted to Delhi and he started his own grocery shop. He got into the fake currency racket after he suffered huge loss in his business and closed his shop.