| Submit your comments on this article |
| -Lurid Crime Tales- |
| India Busts Major Pak-Based International Counterfeiting Ring |
| 2012-01-11 |
| The National Investigation Agency (NIA) has unearthed an organized gang engaged in smuggling and circulating "high quality" fake Indian currency notes suspected to have been printed in Pakistan. Members of the gang are from West Bengal's Malda and they had their accomplices in Jharkhand and Bihar. S K Singh, the inspector general (IG) of NIA, said "Their agents worked in different places of Jharkhand and Bihar with an aim to destabilize the economy of the country." The investigation also revealed that the accused people were the members of an international network that manufactured and printed "high quality and high value" fake Indian currency notes in Pakistan and smuggled them into India via Bangladesh and Nepal circulated them across the country. The network used bank accounts and ATMs for circulating the fake notes. "The gang members were in communication with the Pakistan-supported suppliers of fake notes operating from Bangladesh," Singh said. As a result of the operation, which is a still continuing, 14 persons have been arrested and investigation is in progress. "Searches have led to the recovery of large number of ATM cards, bank passbooks, SIM cards and high-quality high-value fake notes being used in smuggling." Explaining the modus operandi of the gang, the NIA official said bundles of fake notes in the denominations of Rs 1,000, Rs 500 and Rs 100 are thrown into the Indian villages bordering Bangladesh. The accused persons with their aides collect the notes and distribute them to the agents spread all over the country. "They carry the fake notes on train and other modes of transport to all the states for circulation. The local agents collect them in exchange of 60% of the original value of the genuine notes," the official added. |
| Posted by:Anonymoose |