Demonetised currency racket busted
image for illustrative purpose
New Delhi: Delhi Police have busted a major racket involving demonetised currency and arrested four men who were allegedly circulating old Rs 500 and Rs 1,000 notes by falsely claiming they could be exchanged at the Reserve Bank of India, officials said on Thursday.
The operation, led by the team of Police Post WPIA under Ashok Vihar police station, resulted in the recovery of demonetised notes with a face value of Rs 3.59 crore and the seizure of two vehicles used in the crime.
The arrests were made on December 10 following a tip-off received by Sub Inspector Rohit Chahar. A raiding team comprising SI Mohit Yadav, Head Constable Dravesh, HC Pawan, HC Manoj and HC Ashwani apprehended the suspects near Shalimar Bagh Metro Station Gate No. 4.
The accused were identified as Harsh (22), Tek Chand Thakur alias Vinod (39), Lakshya (28) and Vipin Kumar (38), all residents of Delhi.
“The gang was duping people by offering old notes at throwaway prices and falsely claiming that the currency could be exchanged at the RBI on the basis of Aadhaar.
All arrested accused admitted they were chasing quick and illegal profits,” the police said in its press note.
According to investigators, the men were in contact with two individuals, Ashish and Tarun, since 2021.
