Overview
- Naushad Alam, 22, was detained on May 8 at Delhi’s Vijay Ghat bus stand while transporting a major consignment of ke InIndian Currency Notes.
- Police seized Rs 4 lakh in counterfeit Rs500 notes and registered a case under the Bharatiya Nyaya Sanhita at the Special Cell station.
- Alam admitted procuring each fake note for Rs200 from a Bangladesh-linked source and reselling it at Rs300 for significant profit.
- Surveillance revealed the syndicate had circulated four to five consignments across Bihar and the Delhi-NCR region before the arrest.
- Investigators are probing connections to operatives in Malda, West Bengal, amid suspicions that proceeds are funding sophisticated weapons purchases.