The seizure on Monday of fake Indian currency notes (FICN) with a street value of Rs 10 crore—the biggest in recent times—from a location near Kolkata has the police stumped with the variety of the counterfeit notes.
According to them, while the FICN cache’s seizure was a stroke of luck, what has left the Kolkata Police’s Special Task Force (STF) dazed is that Chandrashekhar Jaiswal, the man behind the fake notes, has been running a counterfeit currency factory for more than a year using his scrap iron business as a front.
A raid on the factory at Maniktala in north Kolkata revealed that Jaiswal printed not just FICN but also foreign currency, such as euro, Singapore dollar and Thai baht.
The STF officials picked up Jaiswal, the owner of Jaiswal Ispat Udyog, a small-time scrap-iron business, from central Kolkata on February 27 following a tip-off, and found on him 200 fake Rs 1,000 notes.
His interrogation over the next few days led the cops to the factory.
Published 03 March 2015, 20:33 IST