NIA Nabs Gang Dealing In Counterfeit Currency Across Multiple States

The National Investigation Agency (NIA) on Sunday (12 November) busted an inter-state gang dealing in fake currency and arrested three people, reports ANI.

Preliminary investigations revealed that that the gang was predominantly active in West Bengal, Delhi, Rajasthan and Maharashtra for several years and lured people on the pretext of exchanging high quality Fake Indian Currency Notes (FICN) and unbilled gold biscuits at attractive rates.

The gang was caught during an investigation by the agency into a 2016 case related to seizure of counterfeited currency near the India-Bangladesh border.

One Nasir Sheikh was arrested with the fake currency worth Rs. 9.8 lakh in March 2016, while his aide Darul Sheikh, a Bangladeshi citizen, managed to escape.

On Sunday, acting on a tip that Sheikh and his accomplices would attempt to strike a deal in Mumbai, the NIA swung into action. Subsequently, agents conducted raids at two locations – Mumbai and Kolhapur – and nabbed the accused, namely Rashid Khan, Gagan Kumar Vyas and Iqbal Ahmad Ansarim.

Nearly 20 gold biscuits, weighing 100 grams each, were also seized from their possession. The purity of the metal is yet to be verified.

All of them have been handed over to Dholpur police for further investigation.