With Eid approaching, people all over the country are withdrawing money from banks and ATM booths. Generally, the validity of notes issued from banks and booths are ensured. While there has not been any definite proof, we have heard of some claims of ATM booths issuing counterfeit money. But the problem with booths is that ... Read more
fake currency
3 held with fake currency in city
Three members of a gang involved in making and marketing fake bank notes were arrested by detectives early yesterday from the capital’s Jatrabari with fake Bangladeshi currencies worth Tk 2.05 lakh. The detainees — Mehedi Hasan alias Samir, 38, his wife Shirin Akhter, 32, and their associate Sohel Elahi alias Apel, 26 — confessed that ... Read more
Spread of fake currencies worries traders, shoppers
Organised gangs are spreading counterfeit local currencies in the market taking advantage of the buying spree ahead of the Eid, causing worries among economists, businessmen and shoppers as well. Spread of forged currency notes in the capital and in other parts of the country is not only affecting customers and businessmen, it will also have ... Read more
Dozen fake taka makers active
Gangs find time before Eid ideal for offloading forged currencies At least a dozen of forger gangs are active across the country and using the shopping rush of Eid-ul Fitr to spread fake notes in the market, say detectives. The gangs use computer technology and chemicals for making fake notes of Tk 50, 100, 500 ... Read more
BB asks banks to take measures against fake notes
Bangladesh Bank on Sunday asked commercial banks to take necessary measures against fake currencies so that the counterfeiters cannot operate ahead of Eid-ul-Fitr. The BB issued a circular to managing directors and chief executive officers of all commercial banks asking them to guard against counterfeit notes as significant amount of money would be
Anti-counterfeiting campaign launched
Demand for fake currencies rises Demand for counterfeit currency has increased across Bangladesh with profit margins increasing from Tk. 10,000 to Tk. 30,000 per lakh of false notes produced. Concern among banks, businesses and the general public has risen, as well, say sources at the Bangladesh Bank.According to the Deputy Commissioner of the Detective Branch ... Read more
Fake currency note factory busted
The Detective Branch of police busted a fake currency note printing factory and arrested six people, including two women, with forged Bangladesh currency notes of different denominations and raw materials worth Tk 1 crore in raids on different areas of the capital on Thursday and Friday, the police said. The detectives on a tip-off raided ... Read more