NEWS & ADVICE : PERSONAL LOAN
Police confirms fake currency roots in Pakistan
By Vaibhav Aggarwal
Aug 5, 2009
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The Jamnagar police has confirmed the roots of forgery currency racket busted by them in the neighbouring nation, Pakistan.

The police arrested three migrants- Manoj Singh, Ajaykumar Yadav and Anand Kumar involved in the case from Shanker Tekri area last Saturday and recovered fake currency notes in denomination of Rs 500, with a face value of Rs 1.26 lakh from them.

It is stated that fake Indian currency notes are printed in some government press in Pakistan. These notes infiltrate India via Nepal territory. The police are deciphering possible international terror angle in the case.

"While there has been no visible connection between this case and the racket busted by ATS on Friday, but the origin is the same. The notes seized by the LCB have been printed in Pakistan," confirmed R B Nimavat, inspector, Local Crime Branch.

Nimavat added that similar groups arrested in past had local links and it is for the first time that a racket in Jamnagar has been found to have a Pakistan connection.

Some of the biggest refineries including Reliance Industries Limited, Essar Petroleum refinery are based in Jamnagar, which is described as the petrochemical hub of the country. The region absorbs large number of wage earners and has become harbor for migrants to introduce fake notes in the system.

"For the same reason, the district has become a safe haven for migrants, who come and circulate fake currency here," added Nimavat.

 


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