NIA Seizes Fake Notes Worth Rs 7 Lakh in Bengaluru

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Bengaluru: The National Investigation (NIA) on Wednesday said it had seized fake notes in Rs 2,000 denomination with a total face value of nearly Rs 7 lakh in Bengaluru and arrested four persons, including a woman.

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The NIA Mumbai branch raided Aluru on Tuesday following a tip-off and recovered Fake Indian Currency Notes (FICN) with a face value of Rs 4.34 lakh from M.G. Raju, Gangadhar Kolkar and Sajjad Ali.

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“We along with police raided BDA (Bangalore Development Authority) Layout in Aluru following information that a deal in FICN is likely to take place. The three accused were found in possession of 217 FICN of Rs 2,000 denomination.”

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NIA Spokesperson Alok Mittal told IANS that the seized notes were similar to genuine Rs 2,000 currency and it was difficult for a layperson to differentiate.

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“It is suspected that the counterfeit notes have been printed and smuggled from across the border,” said the official, adding that another NIA raid on Wednesday led to seizure of FICN with a face value of Rs 2.5 lakh from a woman, resident of Srirampur.

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The officials said an FIR was lodged with Bengaluru Police and the smugglers are being interrogated about their handlers and suppliers.
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