The Kolkata Police, which recently busted a fake currency printing racket, on Wednesday held a discussion with the Reserve Bank of India officials over the issue.
The Kolkata Police's Special Task Force (STF) on Monday had busted the currency racket arresting Chandrasekhar Jaiswal, a scrap dealer.
Besides Rs.10 crore in fake Indian currency notes, the police also seized counterfeit foreign currencies including US dollars.
The STF had earlier intimated the RBI about the seizures that included 450 gunny bags of scraps of Indian currency notes. Jaiswal had claimed that he had bought the scrap notes in an auction by the RBI.
The seizure that included industrial equipment, chemicals, stamps and cheques, was made from a house at Domjur in Howrah district.
Besides the RBI, the STF is also in touch with central agencies like the National Investigation Agency and RAW over the racket.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
