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Kolkata: Fake currency racket uncovered, one arrested

Acting on a tip off, the Special Task Force (STF) of Kolkata Police uncovered a racket in fake currency notes on Monday.

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Acting on a tip off, the Special Task Force (STF) of Kolkata Police uncovered a racket in fake currency notes on Monday.

The STF seized fake Indian currency notes with face value of over Rs 10 crores. The police also arrested Chandrasekhar Jaiswal, a 50-year-old scrap dealer, accused of allegedly dealing and manufacturing fake currency notes. 

“We nabbed Jaiswal from central Kolkata and seized as many as 200 fake notes of Rs 1000 from his personal possession. We carried out raids at two locations – CIT Road at Manicktala and Domjur and seized 450 gunny bags containing scraps of Indian currency notes from his godown at Domjur. "From his residence at Manicktala, we seized fake currency notes, industrial equipment, chemicals, stamps and cheques. We also seized 20 4G internet dongles and unused SIM cards purchased from Kolkata,” said deputy commissioner, STF, Amit Javalgi. 

According to the police, this is the biggest catch of fake currency notes by the STF in recent times. Sources revealed that a racket of fake currency notes, operating out of the heart of Kolkata is a rare incident.

This apart, the police also seized fake currency notes of five other countries, whose valuation is yet to be ascertained. The police suspect more than one person’s involvement in the fake currency racket and did not rule out any links with terror outfits.

“We are trying to explore all the other angles of this racket – including links to terrorist outfits. We have also contacted other Central investigating agencies to find out if the fake currency was channelised outside the country,” added Javalgi. 

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