CBI busts fake currency racket in West Bengal

Mar 21 2012, 02:16 IST
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SummarySheikh, a resident of Malda, was arrested at the Guwahati railway station.

The CBI has busted a fake Indian currency racket run from the borders of West Bengal, with the arrest of one person, Akbar Sheikh, 35. Fake notes with a face value of Rs 5 lakh were seized from him. Officials said the cartel was pumping counterfeit notes into the Northeast.

Sheikh, a resident of Malda, was arrested at the Guwahati railway station. His interrogation led to the discovery of the network. “We identified the kingpin of the racket as Hakim Sheikh. Based in Malda, Hakim has been running the racket for several years,” said an official.

The agency carried out raids in Malda and neighbouring towns with the help of the bengal police, but could not nab Hakim. Investigations revealed that while the seized currency was brought to Bengal from Bangaldesh, the latter received it from Pakistan.

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