India, Oct. 26 -- A 58-year-old resident of Punjab's Zirakpur and his three associates were arrested for allegedly minting counterfeit coins of Rs.20 denomination in an illegal factory in Haryana and circulating them in Indian markets, the Delhi Police crime branch said on Friday.

Counterfeit Rs.20 coins worth around Rs.1 lakh were recovered from one of them, identified as Paras Jain, 45, after he was arrested from near Mundka Industrial Area Metro station in outer Delhi, where he had come to deliver the consignment of fake coins to a contact last month, two senior crime branch officers said..

Among the four, the 58-year-old Punjab resident Upkar Luthra, emerged as the alleged key player of the illegal business of manufacturing counterf...