By The News Observer Desk,
Karwar: In a major crackdown on illegal currency exchange, Bhatkal police in Uttara Kannada district, Karnataka, dismantled an illicit American dollar exchange operation, arresting an individual and seizing 172 US dollars, equivalent to approximately ₹8 lakh in Indian currency.
The operation came to light on Friday when authorities apprehended Ruksuddin Sultan Bapa, a 62-year-old resident of Bande House, Muska Street, Chinnada Palli, Bhatkal. Bapa was caught transporting the dollar notes without valid documentation. During interrogation, he revealed his role as a courier, transporting the illegal currency to Kappa Mujeeb, another resident of Bhatkal, for who police are searching.
Investigations have uncovered a broader network, with the illegal currency trail extending to Goa. The accused reportedly transported millions of dollars’ worth of currency on scooters from Goa to Bhatkal to evade law enforcement. Bhatkal, a coastal town with a significant population working in Gulf countries, has emerged as a hub for such activities. Many residents, who frequently travel abroad, convert Indian rupees and other foreign currencies into US dollars, creating a lucrative market for illegal exchange operations.
According to police, the accused sourced dollars from travel agents and foreign tourists in Goa, transporting them discreetly on two-wheelers to avoid detection by vigilance agencies. The operation allegedly yielded substantial profits for those involved.
Bhatkal police have registered a case against Ruksuddin and Mujeeb, and further investigations are underway to uncover additional links in the illegal currency exchange network. Authorities are working to determine the full extent of the racket and identify other individuals involved.
This bust marks a significant step in curbing illegal financial activities in the region, with police intensifying efforts to dismantle such operations.
News Input by Saikiran Babrekar
