There’s a China connection to Bangalore fake note racket

Pakistan-based outfits were thus far blamed for the entry of fake currencies into the Indian market. What is disturbing now for the country’s security think-tank is the involvement of rackets patronised by Bangladeshi gangs in the subversive activity aimed at destabilising the Indian economy.

Even more alarming is the fact that the paper and machine used for the act are being imported from another neighbouring country — China.

The city police on Wednesday busted one such activity and recovered Rs7.75 lakh from a gang of four, three of whom hailed from West Bengal and Kashmir. One of them, identified as Aneez Ahmed, hails from Shivajinagar in the city.

The Ramamurthynagar police identified the others as Ahmed and Sheikh Malik of West Bengal and Nasir Ahmed of Kashmir. Preliminary investigation revealed the arrested were allegedly involved in manufacturing the fake notes.

The police, who seized notes of Rs500 and Rs1,000 denominations, said it believed Pakistani and Bangladeshi citizens were involved in the racket. The gang has over 80 members who are deployed in India from Pakistan and Bangladesh.

The police said there was a possibility that a huge team with the inclusion of people from Pakistan, Bangladesh and China was behind the conspiracy. Deputy commissioner of police (East Division) Chandra Shekar said the notes were manufactured in Bangladesh.