Fake currency racket busted at Maniktala

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Kolkata: The police have busted a racket which was involved in the production of forged currency. According to reports, the police got a tip about a particular area in North Kolkata where this racket was functioning at a merry. Raiding the spot, the police gave confiscated hefty amounts of forged currency notes. The raid was carried out by the police at a house in Maniktala to be precise. A person named Chandra Shekhar Jaiswal has been arrested by the police as the king-pin of the racket. The police is trying to track down the other members involved in this business.

Noteably, after investigating for three months, Kolkata Police detectives have blown the lid off an inter-state gang that meticulously forged cheques of nationalized banks — complete with all embedded security features — to steal money from government accounts, including the National Rural Health Mission. Fourteen people had been arrested and the money stolen could amount to several crores.

This gang whish was arrested by the police mainly operated in the areas of Bihar, Uttar Pradesh and West Bengal They were believed to have first opened fictitious bank accounts mostly with private banks.