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Fake Rs 10 coins being minted abroad: Sources
Published on 15 Aug. 2010 11:26 PM IST
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Investigations into the first-ever busting of a gang running a business in fake coins gang has led Delhi Police to ask for help from central investigating agencies because a foreign hand appears to have played a prominent role.
Delhi Police sources said that the very fact that a fake minting unit had come up at Veerganj in Nepal showed a very “professional” group was behind the entire operation. “Our information says about Rs 1 crore worth of fake coins have entered the country through eastern UP. We are in talks with the Reserve Bank and seeking their cooperation in identifying the fake coins already in circulation,” said a source.
Police said the foreign link became clear once sleuths established the route taken by counterfeiters to circulate currency. “It is quite similar to the one used to transport currency notes to India. The aim is to destabilize the economy. Such small denominations do not attract much attention of the agencies,” said the source.
On August 9, south district police busted an international network of criminals involved in minting Indian coins in Nepal and introducing the counterfeit currency into India through big food joints in Delhi, Gurgaon and other metropolitan cities. Two men were arrested — Sudhir Kumar (36) and Daleep Kumar (29). So far, 41,600 counterfeit coins of Rs 10 denomination have been recovered. A Maruti car used to transport the currency has been recovered.
But the main accused — Mangat Joshi who allegedly headed the Delhi operations — is still at large along with at least three other men.
The gang allegedly carried operations from the Rohini area in outer Delhi. There were some inputs that counterfeit coins of Indian currency of Rs 10 denomination are in circulation in Delhi and shops and food joints where small coins are required in abundance. These joint owners have told us that they were approached by the accused who promised to provide them loose currency at a very low exchange rate right at their doorstep.
The fact that they did need to send a person each morning to get the change convinced these owners to settle for this method of operation. “We are questioning them on whether they had any inkling that these coins were fraud,” said the officer. A total of Rs 4.16 lakh worth of fake coins have so far being recovered.
On sustained interrogation, the accused have disclosed that the gang consisted of around 8-10 members including some Nepali nationals. Sudhir and other members of this gang would stay in Hotel Navraj in Janak Pur, Nepal where one Nepali person would come in a Pajero and deliver Indian counterfeited coins of Rs 10 denomination to his Indian counterparts putting up in the hotel.

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