Bangladesh’s elite Rapid Action Battalion (RAB) of the Bangladesh Police have busted a ‘factory’ on Wednesday (December 27) night that was producing counterfeit Indian currency.
Two people have been detained and Rs 1 million in fake Indian currency notes and various counterfeiting materials were seized in the operation, said Major Rahat Harun Khan, of RAB-10 unit.
The factory was operating from South Keraniganj neighbourhood of Dhaka, Bangladesh’s capital. The factory was on the third floor of a building in Shubhyada’s Uttarpara.
The arrestees are Liaquat Ali (35) and his associate Jahangir Alam (40).
“The two detainees have been involved in counterfeiting currency for a long time. They rented the space. They have been taken into custody by law enforcers before, but had been released on bail,” said Major Khan.
Addressing a press conference Lt Colonel Emranul Hassan of RAB said that Ali was into printing of fake Indian currency as counterfeiting and marketing Bangladeshi taka was dangerous. The arrested criminals were supplying fake notes worth Rs 50-60 million.
According to security officials Ali and Alam earned 1.5-2 taka every month from their illegal activity.
“Ali provided fake money to various money exchanges in the border areas through his local brokers. Every 1 million fake Indian currency note were sold at 12,000 takas,” Lt Colonel Hassan said.
On November 8, 2016 the Indian government had demonetised Rs 500 and Rs 1,000 currency notes.
Prime Minister Narendra Modi had claimed that the demonetisation move would crack down on counterfeit Indian currency notes among other objectives.