Bangladesh Police seized over 1400 bundles of fake Indian currency worth over Rs seven crore (70 million rupees) from a house in the capital on Saturday, which were produced in Pakistan and was intended to be pushed in India through the border areas of Bangladesh.

According to Deputy Commissioner of Police Ahmed Asaduzzaman, the currency was recovered from the water tank of a house situated in Dakshinkhan area of Dhaka North in more than 1400 bundles. The fake currency was produced in Pakistan and sent to Sri Lanka, from where they were transported in a marble container to the Chattogram port.

Asaduzzaman said the accused was identified as Fatema Akhter, an active member of an international fake currency racket, which collected counterfeit currency from Pakistan and pushed it into India through border districts of West Bengal state. 

Police raided the house after two persons of the international fake currency racket were arrested on Friday from Khilkhet and Demra area of Dhaka. They named two Pakistani nationals Sultan and Shafi as the kingpins of the fake currency racket. Police were working to further arrest other members of the fake currency racket, the official said. 

Intelligence sources in India believe that the fake Indian currency racket was being run by Pakistan’s Inter-Services Intelligence (ISI) using mobboss Dawood Ibrahim’s network in Bangladesh and Nepal to destablise the Indian economy. 

(SAM)