According to sources, the fake Indian currency notes recovered by the Delhi Police on Thursday were printed at a government printing press in Karachi. The intention was to destabilise the country’s economy in small doses, fund local terror modules and finance interstate drug operations.
The seizure was made following an intelligence input. The input talked about a huge consignment of fake Indian currency making its way into the Capital via the Indo-Nepal border in early January.
“The input came after three men, including an Indian businessman and a Filipino national, were arrested in Kathmandu in late December 2011. More than R1 crore in fake Indian currency notes was recovered from them,” said a senior police officer.
Fake Currency Network
On December 21, the Kathmandu Police had raided a city hotel and arrested Dennis Floresh Sanchez, 37, a Filipino. Sanchez had later led them to Naseeb Alam, 25, an Indian businessman and Dik Bahadur Nepali, 24, a resident of Khotang located near Kalimati in Nepal.
Sanchez had allegedly acquired the fake currency notes from Pakistan and was supposed to smuggle them into India. He had these orders from Iqbal Kara, a counterfeiter based in Lahore and connected to Inter Services Intelligence (ISI).
Meanwhile, the police will produce Mohammad and Hassan, two of the men we arrested today, at the Tis Hazari court on Friday. “We have also detained another person named Abdulla in this connection,” the officer said.
Hassan, who is said to be in his 40s, used to run a small eatery near the Sitapuri Masjid in the Dabri area, before he got involved in such nefarious activities. But after suffering losses, he shut down that business and started dealing in clothes.
Hassan’s neighbours have told the police that he earlier used to live in a rented room in B-block of the Sitapuri area. “At that time, he used to earn his livelihood by selling utensils on his bicycle in nearby localities. Not finding it a lucrative business, Hassan switched over to running an eatery and later switched to a garment business,” said the officer.
According to the officer, Hassan’s neighbours have also revealed that he had purchased a plot and built a single-storey house at RZA-69, Sitapuri B-block, Part-I area in Dabri when he ran the garment business.
“We have been told that in a very short span of time, Hassan also purchased a goods carrier through which he used to transport consignments. His neighbours have also revealed that every two days, two goods carriers, loaded with clothes, would be seen outside Hassan’s house,” the officer. Mohammad who was arrested along with Hassan was a driver.