Wednesday, March 22, 2023
News

Rs 9.4 lakh worth 'counterfeit' coins seized from car in Mumbai, one arrested

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

Mumbai (Maharashtra) | February 5, 2023 4:32:23 AM IST
Delhi and Mumbai police, in a joint operation, seized coins worth Rs 9.4 lakh from a car owned by a Malad resident and arrested one person.

The accused person has been identified as Jignesh Gala and was arrested in connection with distributing the coins.

According to the police, the Government Mint will verify if the coins are authentic which are suspected to be counterfeit.

The special cell of Delhi Police had been investigating a case of counterfeit currency and had arrested five accused persons. During technical analysis, the Delhi police got leads that a person connected to their case was in Malad (E).

Delhi Police came down to Mumbai and on February 1, they approached Mumbai's Dindoshi Police for assistance. After a green signal from senior officers, the teams picked up Gala. Police have learnt that Gala worked for a commission.

"During interrogation, accused Jignesh Gala disclosed that he has been involved in the procuring and supplying of Indian currency coins for the last 7-8 years. Initially, he used to collect currency coins from Banks in Surat, local businessmen, and traders of old currency. However, while working in the sector, he started collecting FICCs even from unknown persons and met mastermind Naresh Kumar, who offered a regular supply of FICCs to him," the police said.

The police further said that Naresh Kumar used to deliver consignments of Indian currency coins from Jaipur to Mumbai in various traveller buses.

"Later, he started sending such consignments through travel agents also. Every such consignment contained FICCs with face value worth Rs 8-10 lacs. In a period of around 2 years, he obtained around 15-16 such consignments and circulated them in the open market,' the police said.

Gala's custody was handed over to Delhi police. (ANI)

 
  LATEST COMMENTS (0)
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
INDIA WORLD ASIA
3-day-old girl found in garbage bin in D...
UAPA Tribunal upholds Centre's PFI ban d...
'Indian diplomatic service perhaps most ...
Raj Thackeray to address large gathering...
Border clash: Mukhroh village part of Me...
PM Modi to inaugurate ITU Area Office, l...
More...    
 
 Top Stories
Key indices surge tracking strong g... 
Miral announces the much-anticipate... 
MPOWER Financing receives Great Pla... 
He's proven he can play at the high... 
Eka completes 23 new customer imple... 
Chaitra Navratri 2023: Try out thes... 
Experts stress on sustainable water... 
Gujarat: Fire breaks out at packagi...