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Tk 4 crore counterfeit notes seized as ring busted

Staff Correspondent | Published: 01:35, Jun 30,2020

 
 

Counterfeit notes of Tk 4 crore were seized as Rapid Action Battalion busted a ring in the capital’s Mirpur and Basundhara Residential Area on Monday.

Six members of the fake note manufacturing ring were arrested in the drive.

RAB officials said that the ring was manufacturing the counterfeit notes ahead of Eid-ul-Azha and had already disseminated counterfeit notes of Tk 50 lakh in the markets.

The arrested were identified as Selim, Monir, Moin, Romiza Begum, Khadiza Begum and Shahinur Islam.

The RAB team also seized counterfeit notes of over Tk 4 crore, mostly forged notes of Tk 1,000 and counterfeit Indian rupees around 40 lakh.

RAB-2 officer Major HM Parvez Arefin told New Age that Selim was the ring leader who had been involved in the note forgery for few years. He was arrested in April, 2018.

He was released after seven months of imprisonment and resumed note counterfeiting at a rented house in Mirpur.

Monir was an Uber driver who was introduced to Selim few months ago and then joined him in note counterfeiting.

They have been using two laptops and four printers in the process as they used to boil notes of Tk 100 to remove colours then they reprinted with the design of Tk 500, said RAB officer Parvez.

He said that the ring was selling counterfeit note bundle of Tk 1 lakh to ‘dealers’ in exchange of Tk 18,000. Counterfeit rupees were also sold to people who were planning to travel to India.

The ring was using specific colour and paper watermark for manufacturing notes of Tk 1,000.

Romiza and Khadiza were involved in using watermarks and security banding to the forged notes in Basundhara Residential Area while others were supplying raw materials for note counterfeiting, said RAB officials.

The ring has disseminated counterfeit notes of around Tk 50 lakh to the markets in the capital and it will be hard to differentiate from original notes, said Major Parvez.

The law enforcers were in search of dealers who disseminate the counterfeit notes in markets.

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