Thursday, January 14, 2010

Man held in Andheri with Rs 4.2 lakh fake currency

Mateen Hafeez | TNN

Mumbai: The Anti-Terrorism Squad (ATS) on Tuesday arrested Ainul Wajid Shaikh (25) from Andheri and recovered fake Indian currency totalling Rs 4.24 lakh from him. The notes, the police suspect, were printed outside the country.

“Shaikh was carrying fake currency in the denominations of Rs 1,000 and Rs 500. His gang members are still at large,’’ said an officer. In the last one year, the ATS and the city police have arrested around 18 people, of whom 15 are from Jharkhand.

A police team comprising inspectors Sanjeev Tonapi, Vijay Kadam and API Sunil Mane nabbed the accused who had come to Mumbai for the second time. “He would work on a 40% commission and the gang would send the genuine
currency back to their bosses through taka system,’’ said an officer, adding that in the taka system, one deducts his or her commission from the payment received and sends the rest of the money home through an acquaintance,’’ said an officer.

Shaikh hails from Malda district, which is located near the Indo-Bangladesh border in West Bengal. The current arrest points to trans-border
trafficking of fake currency, the police said. “The seized fake notes are so good in quality that it would impossible for a layman to notice any difference. The racketeers have now started manufacturing fake notes with signatures of former RBI governor Y V Reddy. The latest security features incorporated while designing the notes are meticulously replicated,’’ added an officer.

Since 2003, the ATS has so far seized fake currency amounting to Rs 61 lakh and arrested 80 persons, including 21 Bangladeshis. “The National Investigation Agency has taken samples of currency notes from India, Pakistan, Bangladesh and Nepal as well as the fake ones and found that they have one thing in common—the paper used in all of them is made in Germany,’’ said an officer.

The Times of India, January 14, 2010

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