Delhi, 3 Oct: A fake coin-minting factory was busted after a member of the gang Naresh Kumar was arrested by Delhi Police on Saturday.
The incident came to light during a surprise checking when Delhi Police anti-auto theft squad stopped a Swift Dzire near Rohini.
Naresh Kumar, who was driving the car, told police that he was an employee of the Punjab National Bank. When the policemen asked for his identity card, he refused to show it. He couldn’t tell them his rank or the bank branch he was employed with.
At least 20 packets of coins were seized from him.
“The policemen then opened the packets and checked the coins, which were fake. Naresh was arrested from the spot,” deputy commissioner of police (outer) MN Tiwari said. As many as 2,000 coins worth Rs 40,000 were seized from him.
The investigation led to the factory in Bawana industrial area. In the basement of a rundown shed, a group of men were minting money – coins of Rs 5 and Rs 10.
A police team found minting machines and raw material used in making the coins from the factory. Coins worth Rs 6 lakh were also seized.
“Kumar started supplying the fake counterfeit currency coins provided by Raju and Sonu. He has also identified locations where the counterfeited coins were prepared, stored and distributed,” Tiwari said.
Police launched a search for accused Sonu and Raju and investigation is on with Kumar from more details.
Faking currency is a criminal offence that can attract a maximum of life imprisonment. Only the Reserve Bank of India can issue coins for circulation. Coins are minted at four government mints in Mumbai, Kolkata, Noida and Saifabad and Cherlapally in Hyderabad.