Bengaluru: The National Investigation Agency (NIA), Mumbai branch, on Tuesday seized fake Indian currency notes of face value of around Rs 7 lakh from four people, including a woman, in Bengaluru.
On credible information that a deal in high value and high quality counterfeit notes is likely to take place in Bengaluru, the NIA team with the help of local police conducted a raid at BDA Layout,
Alur in North Bengaluru and intercepted three people - M.G. Raju, resident of Devanahalli, Gangadhar Kolkar, resident of Bagalkot and Sajjad Ali, resident of Khejuriaghat, Malda, West Bengal.
“The accused were found in possession of 217 pieces of fake Indian currency notes in the denomination of Rs 2,000 with the face value of Rs 4.34 lakh,” said Alok Mittal, Additional Director General of Police and NIA spokesperson.
“As a follow up the NIA on Wednesday with help of local police seized fake currency notes of the face value of Rs 2.5 lakh from a woman in Srirampuram in Bengaluru,” he added.
Given the quality of the counterfeit notes, which look similar to the genuine Rs 2,000 currency notes, the NIA suspects that they have been printed and smuggled from across the border, said Mittal.
The Agency has registered an FIR - No. 0431/2018 at Madanayakanahalli police station against the accused under Sections 34 (common intent), 120B (criminal conspiracy), 489B and 489C (using as genuine counterfeit currency notes) of the Indian Penal Code.
