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1 October, 2018 00:00 00 AM
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Money counterfeit gangs active targeting nat’l polls

BSS
Money counterfeit gangs 
active targeting nat’l polls

The fake currency producing gangs have become active in the capital and elsewhere across the country ahead of the upcoming general election, reports BSS. “Money counterfeit gangs are now active in producing fake currency ahead of the national elections for cashing the large scale cash transaction to be used in election purpose,” Deputy Commissioner (North Division) Mashiur Rahman of the Detective Branch of police told BSS yesterday.

“The gangs choose big occasions such as festivals like Eid-ul-Fitr, Eid-ul- Azha and elections for producing fake currency as a huge amount of money are usually transacted during the periods,” he also said. Referring to a production of counterfeit money of Tk 1.8 crore in a month by a gang belonging to Abul Hossain alias Emon, the DB official said, “The gang had a plan to circulate around Tk 8 crore in counterfeit notes ahead of the upcoming national elections.”

Emon, who got involved in producing and circulating fake notes since 2013, was a top fake note producer, he said adding that the gang is also active in Mymensingh, Rangpur, Dinajpur and Barishal. It used to circulate the notes mainly in Dhaka, Chattogram, Gazipur and Narsingdi.

DB personnel on Friday arrested the ringleader Emon and his five accomplices along with fake currency of Tk 51 lakh and materials and equipment of producing those from Turag, on the outskirts of the capital.

The seized materials could have been used to produce Tk 7 crore in counterfeit bank notes, the official said. According to him, it cost the gang Tk 10,000 to make Tk 1 lakh in fake notes. They used to sell Tk 1 lakh in fake money to wholesalers for Tk 15,000 and to retailers for Tk 40,000. A case was lodged to this end with the respective police station.

“Though we have lodged scores of cases against the arrested people with different police stations, they usually get bail from the court after ax period as the sections of law under which the cases were lodged are bailable and later they get involved again in the same business,” he added.

Police Headquarters has earlier asked all the concerned authorities to take necessary measures including stepping up intelligence surveillance across the country to prevent production and circulation of fake currencies.

As per directives of the police headquarters, intelligence vigilance coinciding with crackdowns has been strengthened across the country to stop circulation of fake currency particularly in the capital city. The law enforcers are now collecting information relating to fake currency making syndicates.

Law enforcers have been asked to conduct special drives after identifying the places where the counterfeit bank notes are being produced and used. Over 30 syndicates have been involved in producing different fake currencies, especially US dollars, Euro, Pound, Saudi Riyal and Taka, a police official said.

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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