The Uttar Pradesh ATS today arrested one person with counterfeit currency notes worth Rs one lakhs in Siddhartnagar district on the Indo-Nepal border.
Acting on a tip off that Pakistan's ISI was pumping in fake currency through Nepal with the aim to hit Indian economy, a team of ATS arrested one person from near Badni railway station under Dhebruva police station area, Home department sources said.
The culprit identified as Kanhaiya Lal Gupta of Gorakhpur was presently residing in Rupandehi district of Nepal.
Gupta during interrogation said he was involved in the illegal trade since past five years and had pumped in over Rs one crore in different states of India.
Gupta was being supplied fake notes by the duo identified as Vinod Jaiswal and Yunus Ansari of Nepal who used to bring it from Pakistan, sources said.
He was the third most important person of the gang involved in trade of fake currency on UP-Nepal border and after the death of Pervez Tanda and Majid Manihar he was leading the illegal trade, the sources added.