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DELHI POLICE BUSTED FAKE CURRENCY RACKET, ONE KEY MEMBER OF INTERNATIONAL FICN CARTED ARRESTED

January 22, 2021 08:18 PM

• HIGH QUALITY FICN AMOUNTING TO RS. 04 LAC RECOVERED. • MOBILE HANDSET WITH SIM CARDS USED IN FICN TRAFFICKING ALSO SEIZED. 

New Delhi (Face2News)

Team of Special Cell/Northern Range led by Inspr. Vivekanand Pathak and Insp. Kuldeep Singh under the supervision of Sh. Jasbir Singh, ACP/Special Cell/NR has arrested one key member of an international FICN racket namely Sheikh Shehzad s/o Sheikh Manjoor r/o Near Peepal Chowk, Goshala Mandir, Mehrauli, Delhi, permanent address:- Village Mathwa, PS Tirkolia, Distt. Motihari, Bihar (aged-44 years).

High quality FICN amounting to Rs. 04 lacs, all in the denomination of Rs 2,000/-, were recovered from Sheikh Shehzad. The recovered FICN is printed in a sophisticated printing unit and are having nearly all the security features including security thread and watermarks. It is very difficult for a common person to distinguish the recovered FICN from original currency note.  

Insp. Vivekanand Pathak and Insp. Kuldeep Singh of Special Cell/NR had secret and specific information for about 04 months regarding reviving of circulation of FICN by the members of an International syndicate in India. Accordingly, a dedicated team was deputed to develop this information. Manual as well as technical surveillance was mounted upon the movements of suspected members of this syndicate.

Mr. Sanjeev Kumar Yadav, DCP, Special Cell, said, during surveillance, it was revealed that FICN is being pumped in India through porous Indo-Bangla border. Circulation of Fake currency is a sort of proxy war against the economy of a country. Pre demonetization circulation of high quality of FICN was at its peak. Demonetization had broken the backbone of such rackets, which were involved in circulation of FICN. Now, once again such syndicates have started their nefarious activities.

Mr. Sanjeev Kumar Yadav, DCP, Special Cell, said, during surveillance, it was revealed that FICN is being pumped in India through porous Indo-Bangla border. Circulation of Fake currency is a sort of proxy war against the economy of a country. Pre demonetization circulation of high quality of FICN was at its peak. Demonetization had broken the backbone of such rackets, which were involved in circulation of FICN. Now, once again such syndicates have started their nefarious activities.

They have been improving the quality of FICN and covering almost all the security features present in genuine Indian currency notes. Painstaking efforts of more than four months bore fruit as few members of this syndicate were identified.

Finally, on 21/01/2021, a specific information was received that a key member of this syndicate namely Sheikh Shehzad would come at Anand Vihar Railway Station to deliver big consignment of FICN to one of his contact namely Raja. A raiding party was immediately formed and a trap was laid near Anand Vihar Railway Station, where accused Sheikh Shehzad arrived at about 10:25 AM and started waiting there. He was successfully apprehended by the police team and thoroughly searched. High quality FICN in Rs. 2000 denomination amounting to Rs 04 lacs was recovered from his possession at the spot.

Arrested Sheikh Shehzad was thoroughly interrogated in which he divulged that he was part of a big international FICN racket. He is a permanent resident of Motihari, Bihar. Sheikh Shehzad further disclosed that he used to receive consignments of FICN from Habibur Rehman of Kaliachak @ Rs 50 per Rs 100 FICN which he further used to supply to his parties for Rs 60 per Rs 100 FICN.

He has already delivered about 4/5 consignments of FICN amounting to more than Rs 20 lakhs in Delhi and NCR region. Sheikh Shehzad further told that since large transactions are still made in cash, hence, there is huge demand of fake currency in Delhi-NCR. He also told that the currency notes have most of the security features and it’s impossible to differentiate them from original Indian currency notes with naked eyes. He further told that all the new security features that Government introduces are quickly updated in fake currency notes also.
During investigation of this case and earlier detected similar cases, it has been revealed that many Bangladesh based elements are pumping FICN in India through Bangladesh border. This is being done to cripple the economy of our country. It is worth mentioning that Malda is very infamous in drug trafficking and smuggling of FICN. Malda has become an epicenter of illegal drug trade and a counterfeit currency racket because of its strategic location along the porous international border on India. It is suspected that a large portion of money derived from FICN goes into buying sophisticated weapons smuggled through the porous Bangladesh border. Investigation is also being conducted whether money derived from FICN is being diverted to promote terror activities in India.
Case under relevant section of IPC has been registered at PS Special Cell, Delhi and investigation taken up.

ACCUSED PROFILE :  Sheikh Shehzad is married and has four children. He used to work in a butcher house in Meerut but he was in financial crisis due to poor salary. He was motivated to indulge in circulation of FICN by FICN racketeers of Motihari. He developed his network of further supply of FICN in Meerut and Delhi.

He was arrested by Special Cell alongwith his three associates vide case FIR No. 40/16 dated 25/06/2016 u/s 489B/489C/34 IPC, PS Special Cell, Delhi and Rs. 10.25 lakh FICN was recovered from their possession. After releasing from Jail, Sheikh Shehzad shifted his base to Delhi and started residing in Meharuli area. Sheikh Shehzad re-organized his gang and started supplying FICN in Delhi and NCR. Further investigation of the case is in progress. Efforts to nab remaining members of this syndicate are being made.

 
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