Police bust inter-state fake currency racket

Last Updated: Tuesday, January 11, 2011 - 21:19

Mumbai: Police here on Tuesday claimed to have
busted an inter-state fake currency racket by arresting a
person hailing from West Bengal and seized counterfeit notes
worth Rs 2.7 lakh.
Acting on a tip off, police laid a trap and nabbed
Miraz Haidar Shaikh near Dhanshyam Tower in suburban Borivali
yesterday.

During frisking, high quality counterfeit notes in
Rs 1000 and 500 denominations worth Rs 2.78 lakh were found in
his possession, police said.

Shaikh, hailing from West Bengal and a resident of
suburban Kandivali here, had received the fake notes from his
associate in his native place to circulate them in the
market, police said.
Police are verifying if Shaikh had any criminal
background and since how long has he been operating in the
city.

Last month, Maharashtra ATS had nailed two persons
hailing from Uttar Pradesh and seized counterfeit notes worth
Rs 10 lakh.

These two had also collected the fake notes from their
West Bengal`s associate, who had brought the currency from
neighboring Bangladesh, police said.

PTI



First Published: Tuesday, January 11, 2011 - 21:19

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