Fake Indian currency worth Rs 4.759 seized in Nepal
Last Updated: Tuesday, April 19, 2011, 21:06
Kathmandu: A Thai national and a Nepalese were arrested with fake Indian currency with the face value of Rs 4.579 million, police said Tuesday.

The police have arrested Thai national Anuwad Sahid and his Nepalese accomplice Ishwor Prasad Shah for possessing the fake Indian currency notes with Rs. 500 and Rs. 1,000 denominations yesterday, according to Kathmandu police.

The police claimed to have busted one of the major fake currency rackets in Kathmandu ahead of the visit of Indian External Affairs Minister S M Krishna to Kathmandu.

The fake bank notes were brought to Kathmandu on board a Thai Airlines flight by the Thai national, according to the police.

While, Nepalese national Shah, a resident of Birgunj in southern Nepal, is said to have ordered the fake bank notes with a view to sending them to India.

The police have seized fake 1,000 bank notes with denomination of Rs.1,000 and 7,158 fake bank notes with denomination of Rs.500, from the hotel room while carrying out a raid on the basis of a tip off, according to a press release issued by the police. The total face value of the fake Indian currency was Rs 4.579 million.

The fake bank notes were hidden inside a suit case under a false bottom. The police have also recovered a Honda Shine motorbike and four Nepali mobile sim cards from Room No.565 of the Hotel Gyangjong situated at Lazimpat of Kathmandu where the Thai national was residing for some time.

During an interrogation Thai national Sahid has admitted that he had arrived in Kathmandu four times in the past in connection with the fake currency racket. This was probably for the first time that a Thai national was arrested in connection with fake Indian currency racket.

Krishna, who is scheduled to arrive in Kathmandu on Wednesday is likely to take up among other things issues relating to the fake currency racket during his bilateral talks with the Nepalese officials In Kathmandu.

Earlier, fake currency notes were brought from Pakistan, but this time it was brought from Thailand, probably changing the traditional route with a view to sneaking the eyes of the police.


First Published: Tuesday, April 19, 2011, 21:06

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