According to the prosecution witness, a police officer, the Anti-Economic Crimes Department was tipped off about an Iranian man, who possessed counterfeit currency. ''I met with the suspect by posing as a potential buyer. We agreed to exchange Rs 10 lakh for Dh60,000,'' The Khaleej Times quoted the officer as saying. A month later, the suspect called the undercover agent again and inquired about the amount he was interested in buying. The latter told him that he wanted to buy Indian rupees to the tune of 30 lakh.
On August 5 this year, the suspect had handed over a plastic bag to the undercover agent which contained Indian rupees worth 10 lakh packed in 20 packets in return for Dh 60000 (Rs 7 lakh), the officer said.