By IANS,
New Delhi: A 24-year-old man has been arrested here with fake Indian currency with nominal value of Rs.44,350, police said Thursday.
Alok Kumar Singh, who hails from Bihar, was arrested Wednesday from near an ice cream booth in Patparganj in east Delhi, and the fake currency notes in the denomination of Rs.50 and Rs.100 were seized from him.
According to Additional Commissioner of Police (East Delhi) Anand Mohan, Singh confessed he had fallen into bad company while working in a factory in Kota in Rajasthan, and started stealing goods from there.
He was soon arrested and faced charges in six cases of theft. After getting bail, Singh returned to his village in Bihar where he came in contact with those involved in fake currency racket, the official said.
“Initially he used to take fake currency of small amounts which could easily be pumped in the market. Singh bought the fake currency on the commission basis. He used to procure a 100-rupee note for Rs.30 only and sell it off for Rs.50. Since he had earned some money, he took fake currency with the nominal value of Rs.45,000 from an agent in Hajipur, Bihar, and came down Delhi where his sister has been residing for twelve years,” the official added.