• Assam: Illegal note exchange gang busted in Karimganj, bank officials arrested

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    Assam: Illegal note exchange gang busted in Karimganj, bank officials arrested
    This operation, driven by intelligence from a confidential source, led to the arrest of several individuals...

    Digital Desk: Karimganj police have made a significant breakthrough by apprehending a large gang involved in the illegal exchange of old Rs. 2,000 notes in Assam. This operation, driven by intelligence from a confidential source, led to the arrest of several individuals, including bank officials. During the raid, two vehicles carrying new Rs. 500 notes worth Rs. 50 lakh were also seized.

    The incident began when Ratabari police received information about a group from Hailakandi involved in exchanging demonetized notes. Acting swiftly on this tip-off, police conducted a raid in the Kazirbazar area of Ratabari, resulting in the successful apprehension of the suspects.

    Among those arrested were Jesraj Deka, Manager of Canara Bank in Hailakandi, and Chinlal Mawn, a loan officer. Other members of the gang included Rakibul Hasan from Barpeta district, Deepjyoti Bezbarua from Nalbari, and Anwar Hussain and Mohammad Shariful Alam Khan from Hailakandi.

    The gang operated by offering a 25 percent commission on every Rs. 2,000 note exchanged, which was then deposited into the Gauhati Reserve Bank for new currency issuance. While the main mastermind remains at large, efforts are ongoing to track him down as part of the ongoing investigation by Karimganj police.