Bust in Delhi: Fake Currency Racket Exposed

Delhi Police arrested four individuals for attempting to distribute over Rs 3.59 crore in demonetised currency. The accused claimed the notes could be exchanged at the RBI. Involvement stemmed from financial pressures, with promises of commissions from alleged ringleaders. Investigations continue to reveal additional network links.

In a significant bust, Delhi Police apprehended four individuals attempting to circulate over Rs 3.59 crore of demonetised currency. The arrested men, identified as Harsh, Tek Chand Thakur, Lakshya, and Vipin Kumar, were allegedly trying to pass off these notes as exchangeable at the Reserve Bank of India.

The arrest followed a tip-off, leading police to set a trap near Shalimar Bagh Metro Station. The suspects were found with invalid Rs 500 and Rs 1,000 notes in two cars. They've confessed to being lured by the potential of illegal earnings, aware of the consequences of their actions.

According to the police, the suspects were influenced by two men promising substantial commissions. Financial strains, including loan repayments and wedding expenses, drove their involvement. Authorities are probing further to unravel the network's extent and the origins of the defunct currency.

(With inputs from agencies.)