Bengal to Bengaluru: NIA busts fake currency racket

Bengaluru, Aug 9: Three persons were arrested after they were found to be peddling in fake currency at Bengaluru. A team of the National Investigation Agency also seized fake currency worth Rs 4.34 lakh from the three persons.

The NIA had acted on credible information which suggested that a deal in fake currency was set to take place at the BDA layout, Aluru. Raju, a resident of Bengaluru, Gangadhar Kolkar fro Bagalkot and Sajjad Ali from West Bengal were arrested. They were found in possession of 217 fake Indian currency notes, all in denomination of Rs 2,000with the face value of Rs.4.34 lacs.

The seized notes are similar to genuine Indian Rs 2,000 notes and it is difficult for a common man to differentiate whether the notes are counterfeit or genuine. It is suspected that the counterfeit notes have been printed and smuggled from across the border.

In the follow up searches conducted, the NIA with the help of the local police also seized fake currency worth Rs 2.5 lakh from a lady at Srirampur.