The Financial Express

30 crime syndicates producing fake notes

| Updated: October 22, 2017 01:05:02

Evaly and Fianancial Express Evaly and Fianancial Express
30 crime syndicates producing fake notes

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

"Criminals usually choose the slums scattered in different parts of Dhaka, Narayanganj, Savar, Tongi, Gazipur, Munshiganj and Keraniganj for running the illegal business," he said.

The making of fake notes are increasing and spreading across the country which affected the country’s business, trade as well as economy, according to reports by different news agencies.

The Bangladesh Bank and law enforcement agencies have taken different steps to curb circulation of the counterfeit notes.

But different types of local gangs with foreign gangs are involved of using fake notes and created strong syndicate.

General people and businessmen are facing huge troubles and harassment about the use of fake notes.

The concerned authorities noted that the lack of appropriate administration structure, the delay of trial and getting bail of the criminals from their charge are the reason of spreading fake note in the country.

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.

 In an effort to prevent circulation of counterfeit notes ahead of the Eid, Bangladesh Bank (BB) has taken a step to set up around 1,500 fake note detector machines in cattle markets in and outside the capital. -SAA



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