Daijiworld Media Network - Bengaluru (SP)

Bengaluru, Jul 1: The shocking truth that fake note business is continuing unhindered in Karnataka has come into the open. National Investigation Agency (NIA) which has probed the issue, has found that fake note continues to be pumped into India through the country's border with Bangladesh.

Officials of Hyderabad and Mumbai police, who were investigating the matter, had arrested four persons. A perusal of entries made in the diary, bank account details, ATM receipts, calls received and made among others, have revealed that fake note racket is very active in Karnataka.

The kingpin of this racket is said to be Shahanoyaz Kasuri alias Isaac Sheikh, who was arrested by Kolkata police in 2013 and is presently behind the bars. NIA officials got this information from three persons whom they arrested on March 13 last from Chikkodi. The kingpin is said to be running his empire from inside the prison. Under instructions from him, his associates, Sariful Islam and Sukruddin Ansari, were operating this business. Out of them, Sariful is absconding.

As per details recorded in the diaries maintained by Ashok Kumbar and Rajendra Patil, who are currently in Parappana Agrahara central prison here, Kumbar used to pay Rs 48,000 in genuine currency in exchange for every one lac rupees he got by way of fake currency notes.