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Counterfeit Components
The Directorate of Revenue Intelligence (DRI) has busted seven facilities involved in printing of fake Indian currency notes (FICN), the finance ministry said on Friday. On February 20, DRI conducted simultaneous searches at 11 different places across Maharashtra, Haryana, Telangana, Tamil Nadu and Bihar and busted seven additional modules involved in printing of FICN. In the present case, in Vikhroli West, Mumbai, DRI identified and located the importer. After thorough search in a densely populated locality, a sophisticated facility for printing and finishing the Fake Indian Currency Notes was unearthed and fake currency of denomination of Rs 50 and Rs 100, and several machinery/tools were seized. Seized items included laptops, printers, pen drives, security paper, A-4 sized papers and butter paper with watermark of Mahatma Gandhi etc. On the basis of the complaint filed by DRI officers, the person was arrested and all the apparatus and tools were seized by the jurisdictional poli
E-commerce major Amazon removed six million counterfeit items globally from the supply chain in 2022, the company said in a report on Tuesday. The e-commerce firm said that it stopped over 800,000 attempts to create new selling accounts in 2022, preventing bad actors from publishing a single product for sale. The figure has come down from 2.5 million attempts in 2021, and six million attempts in 2020. "The strategic combination of industry-leading technology and experts are successfully stopping bad actors and making an impact beyond Amazon's marketplaces and stores identifying, seizing, and appropriately disposing of over six million counterfeit products in 2022, preventing them from reaching customers and being resold elsewhere in the global supply chain," the report said. The report said that Amazon's Counterfeit Crimes Unit sued or referred for investigation over 1,300 criminals in the US, UK, EU, and China in 2022.