Kingpin of fake currency racket held in Gujarat

Asgar Ali Abdul Hussain Abuli, who is believed to be the main agent of pumping counterfeit currency into the economy, was arrested last night, ATS officials told reporters here.

"Apart from 1.35 lakh counterfeit notes, ATS has also seized some objectionable documents, besides a Bangladeshi passport from Abuli," ATS IG Ajay Tomar said.
He has links with officials of Pakistan intelligence agency, officials said.

"During the interrogation, we found that Pakistan and Dubai based elements, who run this racket, would send fake currency consignment to Abuli via Nepal and subsequently he would distribute in the network," he added.

The accused, who originally hails from Godhra, shifted to Pakistan with his family and got a passport from Karachi in 1977. Subsequently, he moved to Dubai in 1984 where he stayed till 1986 and thereafter returned to Pakistan, Tomar said.

In 1994, he was arrested in Karachi for forging a bearer certificate and was jailed for a couple of months, he said.

Abuli returned to India with his family in 1998 and landed up with sundry jobs in Godhra, Ankleshwar and Ahmedabad, ATS officials said.

"In 2002, he illegally went to Bangladesh and in October 2002, he obtained a Bangladeshi passport based on forged documents. After working there for a couple of months, he again went to Pakistan and Dubai and subsequently returned to India in 2005," Tomar said.

He also obtained an Indian passport from Pune based on forged documents in the name of Lokhandwala Asgar Abul Hussain Abuli and he frequented Dubai via Karachi on the Indian passport, the IG claimed.

The accused was also a partner in a company Arabian Gulf Chemical based in Dubai and there he came in contact with some Pakistani elements, who prepared him to carry out secret mission in India, Tomar added.

"Later, he settled in Ahmedabad for two years and he used to visit different places in the country to gather information which would be supplied to intelligence agency of Pakistan," the ATS official said.

Subsequently, he started creating network of people for pumping fake currency in the Indian market and visited different cities like Surat, Ujjain, Delhi, Patna, Amritsar and Kolkata.

"He would also collect genuine money in return of the fake currency and would send it to Dubai via hawala network," Tomar said, explaining the modus operandi.

Abuli's arrest comes weeks after ATS busted a multi-state fake currency racket in the last week of July. It had arrested four persons and recovered fake currency notes with face value of over Rs 10 lakh from different parts of Gujarat.

The ATS officials had claimed the notes seized from them were of "very high quality and standard and printed with high precision and were introduced in India from Nepal".

"These notes are believed to have been printed in a neighbouring country because the papers used are of very high standard and imported from Germany. These papers are given to a sovereign country only," the ATS IG said.

With today's arrest, the total number of persons held in the fake currency racket has gone up to five.

Also, one more consignment of fake currency worth Rs 10 lakh is missing.

"A sub agent had taken this consignment and was travelling in Motihari Porbandar train. The consignment was last spotted in Rajkot," he said.

The squad has requested people to return it to the police if they spot this parcel kept in a milton water jug.

Moreover, ATS has launched a detailed investigation in the racket which is spread across a number of states, Tomar added.

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