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ATS arrests key operative of fake currency racket

PTI  Ahemdabad, August 13, 2009
First Published: 16:23 IST(13/8/2009) | Last Updated: 17:42 IST(13/8/2009)
Gujarat Anti-Terrorist Squad (ATS) has arrested a key operative of a fake currency racket operating in India and seized counterfeit notes with face value of Rs. 1.35 lakh, officials said on Thursday.


"Asgar Ali, who has links with Pakistan intelligence agencies, was arrested on Wednesday. He had been in Pakistan from 1977 to 1998," ATS officials said.

He is the key operative of the counterfeit currency racket in India and originally hails from Godhra, police said.

Ali's arrest comes around two weeks after ATS busted an inter-state fake currency racket last month. The squad had arrested four persons and recovered counterfeit currency notes with face value of over Rs. 10 lakh from different parts of Gujarat.

With the arrest, the total number of persons held in the fake currency racket has reached five.

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