<p>The Central division police have busted a ring of currency counterfeiters in the City. Fake currencies worth Rs 15,000, all with a face value of Rs 500, have been confiscated. <br /><br /></p>.<p>Acting on a tip-off, the Central division police, led by ACP Nyamegouda of the Ulsoor Gate sub-division raided a building near Abhaya Shopping Complex on H Siddaiah Road and apprehended two men, Minurul Sheik (25) and Sabkhot Sheikh (28), both from Amatulla Nagar, Murshidabad District in West Bengal. <br /><br />According to police, the two men had been employed as masons at an under-construction building near Bangarappa Gudda, Rajajrajeshwari Nagar as a cover for their operations. <br /><br />Police said the accused, under interrogation, revealed that a man named Kabiraj Latheef (alias Basar) of Amatulla Nagar had been supplying them with the counterfeit currency on a regular basis. Upon receipt, the pair then circulated the currencies in the market and credited the amount to Kabiraj Latheef's bank account for a nominal commission. <br /><br />Police revealed that the two had been active in the City for the last five months and that they had credited a sum of at least Rs 15 lakh to Kabiraj's account. <br /><br />Pattern<br /><br />The team led by ACP Nyamegouda, which busted the arms racket in the City in September, exposed the currency racket at a lodge in Majestic area and arrested the men — all hailing from the districts in West Bengal, bordering Bangladesh. Counterfeit currency worth Rs 40 lakh and a large cache of arms and ammunition have been confiscated. <br /><br />Police believe that the case has its roots in the districts bordering Bangladesh — which has a reputation for being a major source of counterfeit money. <br /><br />Police added that the counterfeit notes are pumped into the country from across the border in a well-oiled operation orchestrated by the Pakistani Inter-Services Intelligence and other agencies. <br /><br />Sources revealed that a special team from the City has left for West Bengal to investigate the case further. <br /><br /></p>
<p>The Central division police have busted a ring of currency counterfeiters in the City. Fake currencies worth Rs 15,000, all with a face value of Rs 500, have been confiscated. <br /><br /></p>.<p>Acting on a tip-off, the Central division police, led by ACP Nyamegouda of the Ulsoor Gate sub-division raided a building near Abhaya Shopping Complex on H Siddaiah Road and apprehended two men, Minurul Sheik (25) and Sabkhot Sheikh (28), both from Amatulla Nagar, Murshidabad District in West Bengal. <br /><br />According to police, the two men had been employed as masons at an under-construction building near Bangarappa Gudda, Rajajrajeshwari Nagar as a cover for their operations. <br /><br />Police said the accused, under interrogation, revealed that a man named Kabiraj Latheef (alias Basar) of Amatulla Nagar had been supplying them with the counterfeit currency on a regular basis. Upon receipt, the pair then circulated the currencies in the market and credited the amount to Kabiraj Latheef's bank account for a nominal commission. <br /><br />Police revealed that the two had been active in the City for the last five months and that they had credited a sum of at least Rs 15 lakh to Kabiraj's account. <br /><br />Pattern<br /><br />The team led by ACP Nyamegouda, which busted the arms racket in the City in September, exposed the currency racket at a lodge in Majestic area and arrested the men — all hailing from the districts in West Bengal, bordering Bangladesh. Counterfeit currency worth Rs 40 lakh and a large cache of arms and ammunition have been confiscated. <br /><br />Police believe that the case has its roots in the districts bordering Bangladesh — which has a reputation for being a major source of counterfeit money. <br /><br />Police added that the counterfeit notes are pumped into the country from across the border in a well-oiled operation orchestrated by the Pakistani Inter-Services Intelligence and other agencies. <br /><br />Sources revealed that a special team from the City has left for West Bengal to investigate the case further. <br /><br /></p>
