Published:  04:27 AM, 14 June 2018

Fake note gangs active ahead of Eid

Tk 50cr counterfeit notes in market!

Fake note gangs active ahead of Eid

Fake note traders have become reckless across the country centering the upcoming Eid-ul-Fitr, the largest religious festival for the Muslims.

Meanwhile, syndicates have circulated several crores of counterfeit notes in markets through their recruited agents. Consequently, fake note panic is prevailing among the people, who are going to sale or purchase things on the occasion of Eid. 

Detectives said counterfeit note gangs have a plan to release fake notes worth around Tk 50 crore across the country. They have become active again as RAB and police are now busy in anti-drug drives.

Taking the advantage, around 210 syndicates work actively on the both sides of Bangladesh-India borders, while 46 syndicates work inside the Bangladesh border. Alongside, around 25 syndicates work in the capital.

"If someone gets the note of Tk 500 or Tk 1000 during transaction of money in any purpose, he or she must try to check the note using different techniques to confirm its authenticity," said Abul Hossain, a cloth trader at the city's new market.

During a recent visit to different posh markets including Bashundhara City Shopping Complex, Jamuna Future Park, Polwel Market, Chandrima Super Market, Chadni Chak Market and Mouchak Market in the city, this correspondent found that notes were being exchanged between sellers and buyers after checking to avert fake notes.

Speaking to this correspondent, many traders said they are in panic over the use of fake notes. This is why they are receiving the notes after checking carefully.

A bank officer seeking anonymity told The Asian Age: "Earlier the demand of new notes was very high before any Eid festival. But now, people don't dare to take new notes in fear of counterfeit notes."

Detective Branch (DB) of police launched drives and arrested 10 fake note producers along with counterfeit notes worth Tk 1 crore from different parts of the city on June 7. During the period, police also seized several fake note producing equipments from the spots.

Debdas Bhattacharjee, Additional Police Commissioner (Detective Branch) of Dhaka Metropolitan Police (DMP), said, "The arrestees had a plan to release fake notes worth Tk 5 crore in the city's markets ahead of Eid.

Like them, eight to nine more gangs of fake note producers are still active in the city and working hard to flood the markets with fake notes centering the Eid. Though, few members of the gangs have already arrested, drives are going on to nab the others." 

Detectives said the administration concerned has fallen in trouble to control the nuisance of fake note producers and traders. Around 80 percent of the culprits get released in the gaps of law even after their arrest and start their previous trade in a similar manner. They become active every year centering Eid-like festivals.

Soheli Ferdous, AIG (Media and PR) of Police Headquarters, told The Asian Age, "Several syndicates are now active to spread fake notes across the country as police and other law enforcement agencies are now busy to conduct drives against drug peddlers. We, however, are trying to nab the members of fake note trading syndicates. So, there is nothing to panic."

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