Delhi Police arrests two persons arrested for fake Indian currency notes
By ANIThursday, August 13, 2009
NEW DELHI - Delhi Police on Thursday arrested two persons allegedly involved in the printing and distribution of counterfeit notes from Jasola Village near Ashram area of the national capital.
Police recovered fake Indian currency notes having a face value of 700,000 rupees from the duo.
Acting on a tip off, the Crime Branch sleuths, kept a tab on the duo identified as Deepak Sharma, a compact disc (CD) shop owner and Jitendra Gupta, a cyber cafi owner and arrested them for printing and counterfeiting Indian currency notes.
According to Deputy Commissioner of Police (Crime), Delhi Police, mentioned Deepak Sharma had suffered huge losses in his business and thus got involved in fake Indian currency notes business to repay his debt.
“The special squad of Delhi Police’ Crime Branch have arrested two people who were printing and circulating fake currency notes. They have been identified as Deepak Sharma and Jitendra Gupta. We have recovered more than seven hundred thousand rupees fake Indian currency notes. Other material including papers, printers, scanner, computers have also been recovered,” said Neeraj Thakur, Deputy Commissioner of Police (Crime), Delhi Police.
Thakur also added that the duo had rented a flat exclusively to run the business of printing and distribution of fake currency notes.
“From the last few days they saw and read about fake currency racket in media and they also made a plan to make quick money by starting the same work. Initially they printed a few notes and circulated them in local market to test them. When they were not detected, they took a DDA flat on rent exclusively for printing notes on a large-scale and started work of printing and distribution form there itself,” said Neeraj Thakur, Deputy Commissioner of Police (Crime), Delhi Police.
He said that the arrested duo were not involved with any other fake currency racket anywhere in the country and the printed notes were of low-to-medium quality.
Several cases of fake Indian currency notes being pumped into Indian market have been reported form several parts of the country.
Earlier in the day, the anti-terrorism Squad (ATS) of Gujarat state had arrested a key operative of a fake currency racket and seized counterfeit notes with a face value of 2,807 US Dollars.
The ATS had launched a detailed investigation to bust the fake currency racket that has been spread across various states of the country. (ANI)
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September 1, 2009: 12:07 pm
We feel RBI’s deliberation on suggesting bankers the use of “sorting machines” needs further attention to looking for “Genuine & Accurate fake note detectors” which work on data cum image based technology. Sorting machines are working just on image base technology which is limitedly compatible and useful just for fitness/quality sorting of notes and are too poor to detect super fake notes. Sorter just throws out large number of doubtful notes with comparatively large number of false alarms and carries very high possibility of passing super fake notes as genuine resulting into issuance of such notes at cash counters or at ATM centers. The kind of machines Indian Banks at cash counters needed are the machine which can verify not only the images but also can check the chemical and physical properties of papers, inks, resins and other materials used in production of note. The machine should be capable of not allowing any fake note to pass as genuine. It is possible only with the detectors specially developed considering the large number of intricacies concerning to Indian notes. A multi currency super fake note detector/ Currency verification & processing Systems is recently launched by an Indian company having web address http://www.paradigmcashsystems.com It is suggested therefore that all the concerned authorities form RBI, Government of India, Banks investigative agencies etc should invariably go through the crucial informations provided in the web site. It could help in curtailing the menace of fake notes prevalent in our country. |
Kirit Vora