HYDERABAD: Andhra Pradesh intelligence officers claimed in an internal report that D-company ( Dawood Ibrahim's gang) is pumping fake currency through Hyderabad to finance their activities in the country.
The flow of fake notes through Hyderabad, though, is still much less compared to that through the India-Bangladesh border. The gang is luring AP workers in Gulf countries to carry back the fake notes.
The report, a copy of which is with STOI, said the gangsters contacted poor labourers from AP districts, including Nizamabad, Karimnagar and Kadapa, who went to Dubai in search of work. The D-gang looks for labourers in dire need of money to purchase a return ticket to India. The gangsters arrange flight tickets for them. In return, passengers have to carry back a suitcase containing perfumes and clothes. Fake currency notes wrapped in carbon papers are hidden beneath them. The gang also sends photo albums packed with fake notes and sealed with polythene.
The gangsters chose Hyderabad as a strategic location for sending out consignments of fake currency following information given to them by Babu Gaithan who lived at Barkas in Old City, said police. "Babu Gaithan, a native of Barkas who now lives in Dubai, plays a key role along with Aftab Bhatki, who is from Mumbai, in transporting fake Indian currency to Hyderabad. Gaithan, through his contacts in Hyderabad, developed channels for circulating the fake currency. The operators are transporting the fake currency in regular flights through bona fide passengers," the report said. The transport of notes by air is still in a nascent stage, said officers. Nearly 80% of fake notes come from Bengal, particularly Malda near the India-Bangladesh border.
"In Malda, the business of circulating fake currency to various parts of the country is like a cottage industry," said a police officer. People cross into Bangladesh and return with fake currency. "They send gangs to various parts of the country to circulate the fake notes. Gang members go to small stores to buy articles with a Rs 1,000 or Rs 500 fake note and get original notes in exchange," he said.
In 2009 and 2010, over Rs one crore fake currency was seized in AP. Till May 2011, Rs 41 lakh fake notes were seized, said Crime Investigation Department (CID) sources.
The flow of fake notes through Hyderabad, though, is still much less compared to that through the India-Bangladesh border. The gang is luring AP workers in Gulf countries to carry back the fake notes.
The report, a copy of which is with STOI, said the gangsters contacted poor labourers from AP districts, including Nizamabad, Karimnagar and Kadapa, who went to Dubai in search of work. The D-gang looks for labourers in dire need of money to purchase a return ticket to India. The gangsters arrange flight tickets for them. In return, passengers have to carry back a suitcase containing perfumes and clothes. Fake currency notes wrapped in carbon papers are hidden beneath them. The gang also sends photo albums packed with fake notes and sealed with polythene.
The gangsters chose Hyderabad as a strategic location for sending out consignments of fake currency following information given to them by Babu Gaithan who lived at Barkas in Old City, said police. "Babu Gaithan, a native of Barkas who now lives in Dubai, plays a key role along with Aftab Bhatki, who is from Mumbai, in transporting fake Indian currency to Hyderabad. Gaithan, through his contacts in Hyderabad, developed channels for circulating the fake currency. The operators are transporting the fake currency in regular flights through bona fide passengers," the report said. The transport of notes by air is still in a nascent stage, said officers. Nearly 80% of fake notes come from Bengal, particularly Malda near the India-Bangladesh border.
"In Malda, the business of circulating fake currency to various parts of the country is like a cottage industry," said a police officer. People cross into Bangladesh and return with fake currency. "They send gangs to various parts of the country to circulate the fake notes. Gang members go to small stores to buy articles with a Rs 1,000 or Rs 500 fake note and get original notes in exchange," he said.
In 2009 and 2010, over Rs one crore fake currency was seized in AP. Till May 2011, Rs 41 lakh fake notes were seized, said Crime Investigation Department (CID) sources.
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