The National Investigation Agency (NIA) arrested two persons in a nationwide operation and seized fake currency worth Rs 9.85 lakh from New Delhi and Bangalore. The fake currency was being smuggled into India by Pakistan based FICN dealer Iqbal Kaana.
He belongs to Kairana Tehsil of Muzaffarnagar and has been operating from Pakistan since many years. Iqbal had dispatched this FICN from Pakistan to Dubai and from Dubai,one Mohd. Ashraf,a close associate of Iqbal Kana had sent the consignment to one Maqsood of Bangalore.
Maqsood had then forwarded this FICN to the arrested accused Imran who are members of Iqbal Kanas core group in India,for further circulation. NIA has been able to identify the entire chain.
Officials said that more arrests are likely to take place in the case.