New Delhi, Oct 20: In a major breakthrough for the ongoing investigations into fake Indian currency racket, the National Investigation Agency has arrested one Uttam Kumar Sinha of Bankura in West Bengal. The NIA says that he was arrested in Dhanbad was the kingpin of the racket.
He is currently being questioned by a team comprising officials of the NIA and the Jharkhand police. The NIA has recovered a total of 5 mobile phones and 13 SIMs from arrested accused Uttam Kumar Sinha.
The NIA had taken over the investigation of a case relating to recovery of fake currency of face value of Rs. 10 lakhs which was seized at Murshidabad (West Bengal). It was here that the name fo Uttam Kumar cropped up and the NIA learnt that he was the kingpin.
The NIA launched a massive manhunt for him two months back before he was finally nabbed at Dhanbad. The NIA's investigation has revealed that this gang, led by Uttam Kumar Sinha was instrumental in dispatching fake currency to the tune of more than Rs 4 crores to different parts of the county in the last few years.
The modus operandi involved despatching fake currency by couriers in the guise of labourers/masons to different parts of the country and in turn the payment is received through cash deposits from different states like Gujarat, Maharashtra, Jharkhand, and other parts of the country, into the bank accounts maintained by him.
The NIA along with Jharkhand ATS is now conducting raids in different parts of the state to identify and arrest other co-accused in the case.
Uttam Kumar Sinha has disclosed that he used to procure High quality fake currency through his contacts in Bangladesh and then distribute the same through his gang members in different parts of the country.
He had been arrested in the past in Gujarat as well as Jharkhand in cases relating to fake currency smuggling but he managed to obtain bail and had again activated the smuggling network.
Uttam Kumar Sinha is also wanted in a fake currency smuggling case of July, 2012 being investigated by CBI.