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Four held, counterfeit currency worth over Rs 6 lakh seized

Press Trust of India  |  Mumbai 

The branch of the National Investigation Agency has arrested four persons and seized Fake Indian Notes (FICN) with face value of over Rs 6 from their possession in Bengaluru, an official today said.

The currency, in the denomination of Rs 2,000, was suspected to have been smuggled from Bangladesh, an NIA said here.

Acting on a tip-off, officials from the branch of NIA and the carried out a raid in Aluru area of Bengaluru yesterday and seized Rs 4.34 lakh-worth FICN from the possession of three persons, he said.

The officials had information that a deal to swap fake for genuine money was going to be struck at BDA Layout in Aluru area, he said.

The sleuths arrested M G Raju and Gangadhar Kolkar who hail from Karnataka and Sajjad Ali, resident of Khejuriaghat area in Malda district of

It would have been difficult for an ordinary person to detect that these notes were fake, the NIA said.

Following their interrogation, NIA sleuths and local police seized fake Indian with face value of Rs 2.5 from the possession of a woman in Bengaluru today, he said.

A case was registered at Madanayakanahally Police Station in Bengaluru under IPC section 489 (use or distribution of fake Indian currency). Further probe is underway.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, August 08 2018. 20:05 IST