Delhi Police Bust Demonetised-Currency Racket, Arrest Four as Separate Raid Uncovers Fake Castrol Unit

Police say the scheme lured buyers with old notes at deep discounts by falsely promising RBI exchange based on Aadhaar.

Overview

Acting on a tip-off, the PP WPIA team under Ashok Vihar police raided near Shalimar Bagh Metro Gate No. 4 on December 10 and detained four suspects.
Officers recovered demonetised Rs 500 and Rs 1,000 notes with a face value of Rs 3.59 crore and seized two vehicles allegedly used in the crime.
The accused were identified as Harsh, Tek Chand Thakur alias Vinod, Lakshya and Vipin Kumar, all Delhi residents who admitted seeking quick illegal profits.
A case under relevant Bharatiya Nyaya Sanhita sections and Sections 5 and 7 of the Specified Bank Notes Act, 2017 has been registered, and police are tracing alleged handlers named Ashish and Tarun linked since 2021.
In a separate DIU operation in Alipur, police seized 239 litres of infringing Castrol-branded oil, thousands of stickers and caps, and manufacturing equipment with company officials assisting the raid.