Key member of ISI-backed fake currency racket held

Police arrested a key member, who had been on the run since July 2008, of a counterfeit currency racket backed by Pakistan's ISI.

Police on Friday arrested a key member, who had been on the run since July 2008, of a counterfeit currency racket backed by Pakistan's ISI.

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Delhi police had announced a reward of Rs 25,000 for Sahil alias Saidul, who was arrested, after a tip-off, from Samaipur Badali area on Thursday.

During interrogation, Sahil has allegedly revealed that he had procured two consignments of fake Indian currency notes (FICN) worth Rs five lakh from one Sanaullah, a Bangladeshi.

Sanaullah is involved in the smuggling of FICN into India and he had made a delivery to Sahil near Malda along the Indo-Bangaldesh border, police said.

Police had been in search for Sahil since July 2008 when they busted a racket of counterfeit currency backed by Pakistan's ISI and arrested its main conduit Mohd Mustaqim, a resident of Jahangir Puri in New Delhi.

Altogether Rs 1.80 lakh in fake currency notes was seized from his possession, police said. They said Mustaqim had revealed that Sahil gave the notes to him. Further investigations are on in the case.