Md Joynal Abedin Khan :
At least 50 fake currency manufacturing gangs are deceiving people targeting cattle markets and shopping malls transaction ahead of Eid-ul-Azha in the capital, detective sources said.
Eid is the best time for circulating fake notes, as a huge number of people hardly check each and every note they handle, especially in cattle markets dealing with sacrificial animals and shopping malls, they said.
According to Police Headquarter sources, these gangs led by expert money minting masters have been undertaking three different strategies to counterfeit the currencies.
In the first process, the counterfeiters wash the existing notes of Tk 100 and Tk 500 using chemicals and modern technologies and then print them with a higher denomination.
In the second process, the syndicates import high quality inks and papers from abroad and print them with marks of normal notes of Tk 500 and Tk 1000.
The third process is the typical one of forging notes, where local ingredients like sub-standard inks and papers are used to produce fresh counterfeit notes.
In the latest, detectives detained seven members of a gang of currency counterfeiters and seized Bangladeshi and Indian fake currencies from the city’s Mohammadpur and Farmgate areas on Monday, Abdul Baten, Joint Commissioner of the Detective Branch of Dhaka Metropolitan Police (DMP) said while addressing a press conference at the DMP media centre on Tuesday.
They also recovered Tk 1.15 lakh and 37,60,000 Indian rupees from their possession
Cops also seized five laptops, a laminating machine, security thread and paper which were used for printing the fake notes. In primary interrogation, they admitted their involvement in the crime.
The forgers become active ahead of Eid every year as a lot of money changes hands during the period for shopping. The Eid-ul-Azha is just over one week away.
“The demand of such fresh-looking counterfeit notes increases ahead of the religious festivals as the central bank issues a bulk amount of new notes during these periods,” Dulal Mia, a bull trader who stayed at Gabtali Cattle Market told The New Nation on Tuesday.
“It is easy to infuse the fake notes in the bundle of regular notes during these times,” he said.
“A special team of DB is working hard to get hold of the gangs who are involved in spreading counterfeit currencies in the capital city,” said Krishna Pada Roy, Joint Commissioner of DB of the DMP.
“A section of unscrupulous bank officials and security agency staff are allegedly involved in circulation of fake currency notes through the ATMs by having nexus with counterfeit currency minting networks,” he added.
At least 50 fake currency manufacturing gangs are deceiving people targeting cattle markets and shopping malls transaction ahead of Eid-ul-Azha in the capital, detective sources said.
Eid is the best time for circulating fake notes, as a huge number of people hardly check each and every note they handle, especially in cattle markets dealing with sacrificial animals and shopping malls, they said.
According to Police Headquarter sources, these gangs led by expert money minting masters have been undertaking three different strategies to counterfeit the currencies.
In the first process, the counterfeiters wash the existing notes of Tk 100 and Tk 500 using chemicals and modern technologies and then print them with a higher denomination.
In the second process, the syndicates import high quality inks and papers from abroad and print them with marks of normal notes of Tk 500 and Tk 1000.
The third process is the typical one of forging notes, where local ingredients like sub-standard inks and papers are used to produce fresh counterfeit notes.
In the latest, detectives detained seven members of a gang of currency counterfeiters and seized Bangladeshi and Indian fake currencies from the city’s Mohammadpur and Farmgate areas on Monday, Abdul Baten, Joint Commissioner of the Detective Branch of Dhaka Metropolitan Police (DMP) said while addressing a press conference at the DMP media centre on Tuesday.
They also recovered Tk 1.15 lakh and 37,60,000 Indian rupees from their possession
Cops also seized five laptops, a laminating machine, security thread and paper which were used for printing the fake notes. In primary interrogation, they admitted their involvement in the crime.
The forgers become active ahead of Eid every year as a lot of money changes hands during the period for shopping. The Eid-ul-Azha is just over one week away.
“The demand of such fresh-looking counterfeit notes increases ahead of the religious festivals as the central bank issues a bulk amount of new notes during these periods,” Dulal Mia, a bull trader who stayed at Gabtali Cattle Market told The New Nation on Tuesday.
“It is easy to infuse the fake notes in the bundle of regular notes during these times,” he said.
“A special team of DB is working hard to get hold of the gangs who are involved in spreading counterfeit currencies in the capital city,” said Krishna Pada Roy, Joint Commissioner of DB of the DMP.
“A section of unscrupulous bank officials and security agency staff are allegedly involved in circulation of fake currency notes through the ATMs by having nexus with counterfeit currency minting networks,” he added.
