International fake currency smuggling racket busted, 2 held

Hyderabad, Jun 20 (UNI) The sleuths of Commissioner's Task Force, today busted an international racket in smuggling fake Indian currency through Bangladesh-West Bengal Border with the arrest of two people and recovered worth counterfeit currency worth Rs 36 lakh.

Addressing the press here, City Police Commissioner B Prasada Rao said the fake currency was in the denomination of Rs 500 and Rs 1000.

Police strongly suspect the fake currency was printed in Pakistan and smuggled to India through Bangladesh as part of a strategy to destabilize the Indian economy.

Shoukat Ali of West Bengal, who was arrested, was an agent working on commission basis with Arun Kumar Saha and his brother Naba Kumar Saha, who procured fake Indian currency from Nutfal Shaik in Bangladesh.

Both the brothers used to hand over the fake currency to Shoukat Ali.

After procuring the fake currency, the accused supplied it to Satyanarayana Reddy, another accused, who was arrested in East Godavari district.

The police official said the Saha brothers were also arrested in West Bengal and were being interrogated in connection with the case.

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