India, Bangladesh coordinate to dismantle ISI-backed syndicate pumping fake currency notes
Dhaka [Bangladesh], April 26 (ANI): India’sNational Investigation Agency (NIA) is coordinating with the Bangladeshiofficials to dismantle the network run by Pakistan’s ISI-backed syndicate andpumping fake currency into India via Bangladesh, local media reported.
India is actively working with Bangladesh totrack and curb the Fake Indian Currency Notes (FICN) network in the country.
Recent recoveries of fake notes in Bangladeshhave exposed Pakistan’s intelligence agency ISI of its involvement in runningthe network for pumping fake notes inside Indian borders. In addition to theISI, some transnational criminal gangs are also involved in carrying out thesmuggling, reported Bangladesh Live News.
In November 2021, DhakaPolice arrested two Bangladeshi nationals namely, Fatema Akter and Sheikh Md.Abu Talab for smuggling FICN and recovered a consignment worth 7.35 crores.Using its bases in Bangladesh, the network was smuggling fake currencies intoIndia.
Another such incident came tolight in February 2022 when Dhaka police seized some gunny bags filled with alarge quantity of FICN and arrested some people suspected to have been involvedin the racket.
Upon investigation, it was found that thearrested individuals were a part of a transnational FICN syndicate, beingguided and handled by Pak ISI and operating in at least seven countriesincluding Bangladesh, India, Nepal, Sri Lanka and UAE, reported Bangladesh LiveNews.
Investigation in the recent cases confirmsthe years old mode of operation: FICN is printed in Pakistan and then illicitlyimported into India either directly through the border with Nepal andBangladesh or through other routes linking Dubai, Bangkok, Hong Kong, andColombo.
ISI-backed FICN network received globalattention in 2011. In 2011, the International Narcotics Control Strategy Reportof the US State Department confirmed the flow of counterfeit currency producedin Pakistan to India and that terrorist and criminal networks used this moneyto finance their activities in the country. (ANI)
This report isauto-generated from ANI news service. ThePrint holds no responsibility for itscontent.
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