With the arrest of four people, including a former BSNL employee and an engineering student, the Gujarat Anti-Terror Squad (ATS) claims to have uncovered an alleged international network dealing in fake Indian currency notes (FICN), say media reports.
ATS sleuths have also recovered fake currency notes of 100 and 500 denomination amounting to over Rs10 lakh.
Squad chief Ajay Tomar claimed that the unit was part of an international syndicate and the fake currency recovered during raids had made its way into the country via the porous Nepal border.
Refusing to specify the country, the official asserted that another neighbouring country was responsible for printing and circulating counterfeit currency.
“The seized currencies almost resemble our currency notes, which indicates that good quality printing and paper were used,” he said.
Tomar also said that there are indications of a sharp increase in more such fake currencies being sent by the neighbouring country to India through the Nepal border.
The arrested have been identified as Bahadursingh Chauhan and DG Padwani, a junior telecom officer with the BSNL in Godhra alongwith Milan Mahesh and Chintan Jaisukh, an engineering student.