NIA charges 2 from Karnataka for circulating fake currency of Rs 2,000 denomination
Mandya, June 29: The National Investigation Agency has filed a chargesheet against two persons in connection with a fake currency case. The two persons to be charged at Mohammad Baig and Syed Imran from Mandya in Karnataka.
DRI, Regional Unit of Visakhapatnam had seized Fake Indian Currency Notes of the face value Rs.10,20,000/- all in the denomination of Rs.2000.
During investigation, it was found that arrested accused along with their associates hatched a criminal conspiracy for procuring and circulating fake Indian currency notes in India.
In furtherance of said conspiracy, accused persons Mohammed Mahaboob Baig and Syed Imran procured Fake Indian Currency notes of face value of Rs. 10.20 lacs (in the denomination of Rs. 2000/-) from their associates in Malda, West Bengal and were trafficking the same to Bengaluru for circulation in and around Bengaluru, Karnataka. The accused persons along with their associates on many occasions have smuggled FICN from Bangladesh to Malda on the Indo-bangla border and from Malda trafficked the FICN through their couriers to Bengaluru and other parts of the country for further circulation of FICN.
The proceeds from circulation of FICN are deposited into the bank accounts of the accused persons and their associates based at Malda. During investigation names of members of the interstate gang and their associates from Malda and Bengaluru have come to light and further investigation against them is under progress.