Fake currency worth Rs.2 mn seized, two held

NEW DELHI: Two people, including a Nepalese national, have been arrested here with counterfeit currency worth Rs.2 million, police said on Tuesday.

Hindu Singh Yadav, 43, and his accomplice Neeraj Sudhanshu, 28, were nabbed near Ashram Chowk in south Delhi Monday evening. Yadav hails from Kathmandu in Nepal, while Sudhanshu is a resident of Lajpat Nagar in south Delhi.

Police said fake currency worth Rs.1 million, in denomination of Rs.1,000, was immediately seized from them and the rest of the counterfeit money was recovered from Sudhanshu's house.

According to police, they had received a tip-off that a syndicate, allegedly backed by Pakistan's Inter Services Intelligence (ISI), was operating in the capital and Yadav, a member, had smuggled a large amount of fake currency into India via Nepal.

"The trail of the counterfeit currency begins from Pakistan and it reaches Delhi through the Nepal and Bangladesh borders. The fake currency was meant for disposal through conduits in the city and neighbouring states," said Deputy Commissioner of Police Alok Kumar.

"The accused revealed during interrogation that they had been associated with the ISI for the past few years and had smuggled the currency from Nepal with the help of a woman, who is yet to be arrested," Kumar added.