Madhya Pradesh Police busts fake currency network, prime accused Saif-ul-Islam held
Total Views |
On Friday, 8th May, a 27-year-old MBBS doctor was arrested for a major counterfeit currency racket with suspected international links that has been uncovered in Bhopal, involved in circulating fake Rs 500 notes across the city. The accused, identified as Saif-ul-Islam, was apprehended by the Koh-e-Fiza police following a tip-off, leading to the recovery of 280 counterfeit currency notes valued at Rs 1.40 lakh. The police recovered 280 fake 500 notes worth 1.40 lakh from the accused’s possession, who originally hails from West Bengal.
According to the police, the case became more serious after investigators found that the paper used for printing the counterfeit notes was allegedly linked to Pakistan and Nepal. The accused was also reportedly in contact with foreign phone numbers, leading agencies to investigate possible international links connected to the racket.
The arrest was made on Wednesday, May 6th afternoon after the police received information that a man was searching for customers to circulate fake currency near the Saifia College ground in Bhopal. Acting on the tip-off, the police surrounded the area and detained the suspect.
Koh-e-Fiza Police Station in-charge K.G. Shukla said that during questioning, the accused identified himself as Saif-ul-Islam, son of Anwar-ul-Islam. Police found that he had been living in a rented house in Gulmohar Colony in the Arera area of Bhopal. Officials also learned that he had married locally and had been staying in the city for a long time.
During interrogation, the accused revealed that he had circulated counterfeit currency worth nearly Rs 60,000 in the market over the past ten days. He told the police that an accomplice based in West Bengal had supplied him with fake currency worth around Rs 2 lakh in exchange for just Rs 60,000.
The police, during the investigations, recovered an iPhone and a pen drive from the accused. His mobile data, call records, and digital activity are all being traced.
The court has remanded 7 days off police custody as it can also provide more information and any other interconnected chains and his international connections during the time of investigation. Further updates in the case are awaited.