Source
Somreet Bhattacharya, TNN Oct 13, 2013, 11.50PM IST
NEW DELHI: In a major crackdown on counterfeit currency, Delhi Police has arrested two people from Paschim Vihar in west Delhi on Sunday and seized fake coins of Rs48,700 face value from them. The accused were producing fake 5-rupee coins in a factory in Sonipat and were supplying them to different parts of the country. One of the accused is still at large.
The gang's kingpin, Manoj, is a small-time jeweller and was previously involved in a similar case with his brother. The other accused, Randhir Mishra, is a singer and a music director. Mishra was introduced to Manoj by film producer Mithilesh, who is also the third accused. Mithilesh was unhappy with the earnings of his movie and wanted to make some quick money. Manoj roped in Mishra and Mithilesh to produce fake coins at his factory in Rai Industrial area.
While the government is trying hard to crack down on fake currency notes a group of counterfeiters involving a small time film producer, a singer and a jeweler wanted in several cases were arrested after they were found to be involved in running a racket of making fake five rupees coins in a factory in Sonipat and distributed them to different parts of the country, raking in huge profits during the festive season.
"The incident came to light after head constable Ajay Kumar received information that counterfeit coins of Rs5 denomination were in circulation in the city," said Ranvir Singh, DCP (west). Police have recovered the machine and dye used in making the coins.
Sources said that Manoj had set up stamping machines in a one-room set-up in Sonipat. He would buy mild steel from the market and stamp them to make counterfeit coins. The coins would then be dyed like the originals and delivered to various markets in packets.
"The accused would buy steel at Rs45-50 per kilogram and make 50 to 60 coins out of a sheet of metal," said an officer, adding that the trio would incur a cost of about Rs1.20 for every coin they made. The accused would pay the workers 20 to 30 paisa for every coin they made. Manoj would deliver the coins and would charge as low as Rs15,000 when the RBI charges around Rs 25,000 for every bag of coin. Officials added that the counterfeits would be lighter as compared to originals and would easily wear away, infact if left in moisture they also would rust eventually.
Somreet Bhattacharya, TNN Oct 13, 2013, 11.50PM IST
NEW DELHI: In a major crackdown on counterfeit currency, Delhi Police has arrested two people from Paschim Vihar in west Delhi on Sunday and seized fake coins of Rs48,700 face value from them. The accused were producing fake 5-rupee coins in a factory in Sonipat and were supplying them to different parts of the country. One of the accused is still at large.
The gang's kingpin, Manoj, is a small-time jeweller and was previously involved in a similar case with his brother. The other accused, Randhir Mishra, is a singer and a music director. Mishra was introduced to Manoj by film producer Mithilesh, who is also the third accused. Mithilesh was unhappy with the earnings of his movie and wanted to make some quick money. Manoj roped in Mishra and Mithilesh to produce fake coins at his factory in Rai Industrial area.
While the government is trying hard to crack down on fake currency notes a group of counterfeiters involving a small time film producer, a singer and a jeweler wanted in several cases were arrested after they were found to be involved in running a racket of making fake five rupees coins in a factory in Sonipat and distributed them to different parts of the country, raking in huge profits during the festive season.
"The incident came to light after head constable Ajay Kumar received information that counterfeit coins of Rs5 denomination were in circulation in the city," said Ranvir Singh, DCP (west). Police have recovered the machine and dye used in making the coins.
Sources said that Manoj had set up stamping machines in a one-room set-up in Sonipat. He would buy mild steel from the market and stamp them to make counterfeit coins. The coins would then be dyed like the originals and delivered to various markets in packets.
"The accused would buy steel at Rs45-50 per kilogram and make 50 to 60 coins out of a sheet of metal," said an officer, adding that the trio would incur a cost of about Rs1.20 for every coin they made. The accused would pay the workers 20 to 30 paisa for every coin they made. Manoj would deliver the coins and would charge as low as Rs15,000 when the RBI charges around Rs 25,000 for every bag of coin. Officials added that the counterfeits would be lighter as compared to originals and would easily wear away, infact if left in moisture they also would rust eventually.
No comments:
Post a Comment