NEW DELHI: The mastermind of a fake coin syndicate has been arrested with around 8,500 counterfeit coins in denominations of Rs 5 and Rs 10. Upkar Luthra, arrested by the Special Cell from Kundli in Haryana on Tuesday , was operating out of Nepal.The gang, working across north India, was behind minting and circulating fake coins with the face value of around Rs 50 crore in the past few years. Its factories were raided and fake coins with the face value of more than Rs 6 lakh in denomination of Rs 5 and Rs 10 were seized.The probe revealed the names of Luthra brothers who were running the synidcate. In December, the cell arrested Sweekar, one of the brothers who ran the gang from India, and found coun terfeit coins with the face value of Rs 17,390 on him. By 2009, the Luthra brothers became a known name in the fake currency circle.

Source: Economic Times July 07, 2017 05:13 UTC