Surveillance intensified over fake currency trading ahead of Eid

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 cattle markets ahead of the Eid-ul-Azha, reports BSS.

The directives came from a recent meeting held at the police headquarters with Inspector General of Police (IGP) AKM Shahidul Hoque presiding. All the police commissioners, deputy inspector general (DIGs) and concerned police supers were present at the meeting.

After getting the directives, the law enforcers are now collecting information relating to the fake currency making syndicates.

Detective branch (DB) of police on August 22 arrested seven members of a fake currency making syndicate along with Indian counterfeit notes worth Rupees 3,760,000, Bangladeshi fake notes of Tk 11,50,000 from different areas of the city. In accordance with the decision of the meeting, police will install fake currency detector machines alongside setting up watch towers in the cattle markets especially in the big cities such as Dhaka, Chittagong, Rajshahi, Khulna and Barisal, the meeting sources said.

The law enforcers have been instructed to intensify intelligence vigilance at three tiers to stop production, circulation and use of fake notes ahead of the Eid. Law enforcers have been asked to conduct special drives after identifying the places where the counterfeit bank notes are being produced and used.

Intelligence watch has been intensified at different places, particularly at shopping malls and bank areas as the currency forgers usually increase production of counterfeit notes targeting the Eid.

In addition to the shopping malls and bank areas, places around different slums are also under watch because the currency forgers prefer illiterate slum dwellers for circulating the fake notes.

Over 30 crime syndicates have been involved in producing different fake currencies, especially US dollars, Euro, Pound, Saudi Riyal and Taka, a police official said.

“Criminals usually choose the low grade areas like slums located at different parts of Dhaka, Narayanganj, Savar, Tongi, Gazipur, Munsiganj and Keraniganj for running the illegal business,” he said.

“The criminals spend around Taka 150 for producing a note of Taka 500,” he said, quoting some of the criminals earlier arrested and interrogated by law enforcers. “The fake note traders first sell a fake note of Taka 500 at Taka 250 to the whole sellers who sell it to the third party at Taka 350 who later sell it to the fourth party at Taka 400,” he said.

“Though we have lodged scores of cases against the arrested people with different police stations, they usually get bail from the court after a 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.

Surveillance intensified over fake currency trading ahead of Eid

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 cattle markets ahead of the Eid-ul-Azha, reports BSS. The directives came from a recent meeting held at the police headquarters with Inspector General of Police (IGP) AKM Shahidul Hoque presiding. All the police commissioners, deputy inspector general (DIGs) and concerned police supers were present at the meeting. After getting the directives, the law enforcers are now collecting information relating to the fake currency making syndicates. Detective branch (DB) of police on August 22 arrested seven members of a fake currency making syndicate along with Indian counterfeit notes worth Rupees 3,760,000, Bangladeshi fake notes of Tk 11,50,000 from different areas of the city. In accordance with the decision of the meeting, police will install fake currency detector machines alongside setting up watch towers in the cattle markets especially in the big cities such as Dhaka, Chittagong, Rajshahi, Khulna and Barisal, the meeting sources said. The law enforcers have been instructed to intensify intelligence vigilance at three tiers to stop production, circulation and use of fake notes ahead of the Eid. Law enforcers have been asked to conduct special drives after identifying the places where the counterfeit bank notes are being produced and used. Intelligence watch has been intensified at different places, particularly at shopping malls and bank areas as the currency forgers usually increase production of counterfeit notes targeting the Eid. In addition to the shopping malls and bank areas, places around different slums are also under watch because the currency forgers prefer illiterate slum dwellers for circulating the fake notes. Over 30 crime syndicates have been involved in producing different fake currencies, especially US dollars, Euro, Pound, Saudi Riyal and Taka, a police official said. Criminals usually choose the low grade areas like slums located at different parts of Dhaka, Narayanganj, Savar, Tongi, Gazipur, Munsiganj and Keraniganj for running the illegal business, he said. The criminals spend around Taka 150 for producing a note of Taka 500, he said, quoting some of the criminals earlier arrested and interrogated by law enforcers. The fake note traders first sell a fake note of Taka 500 at Taka 250 to the whole sellers who sell it to the third party at Taka 350 who later sell it to the fourth party at Taka 400, he said. Though we have lodged scores of cases against the arrested people with different police stations, they usually get bail from the court after a 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.