Counterfeit Rs 20 coin racket busted
In Short
Four held; coins worth Rs 1 lakh seized
Share :
Counterfeit Rs 20 coin racket busted
New Delhi: The Delhi Police busted a counterfeit coin manufacturing and supply racket with the arrest of four people, including the alleged kingpin, and recovered fake Rs 20 coins worth around Rs 1 lakh, an officer said on Sunday.
The crime branch carried out an operation following a tip-off that a man would deliver counterfeit coins near Mundka Industrial Area Metro Station on September 8.
A police team intercepted a car driven by Paras Jain (45) and recovered Rs 5,000 counterfeit Rs 20 coins packed in 50 polythene pouches from a bag on the rear seat, police said.
“The coins had a total face value of Rs 1 lakh. An iPhone, a laptop bag and the vehicle allegedly used for transporting the consignment were also seized,” a senior police officer said.
During interrogation, Jain disclosed that he procured the counterfeit coins from Upkar Luthra alias Abhay Pratap Singh (58), who allegedly supplied them for around Rs 70,000 against their face value of Rs 1 lakh, for further circulation in the market.
Further investigation revealed that Luthra was allegedly shifting his manufacturing unit from Sonipat in Haryana to Saharanpur in Uttar Pradesh following Jain’s arrest, police said.
