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Fake Currency
The National Investigation Agency (NIA) on Saturday seized fake notes, currency printing paper and digital gadgets in raids in four states to bust fake Indian currency note rackets, an official said. The raids were conducted as part of the NIA's probe into a case registered on November 24 that relates to a larger conspiracy hatched by suspected individuals for trafficking Fake Indian Currency Notes (FICN) from across the border and promoting their circulation in India, a spokesperson of the agency said. Teams of the NIA searched the premises of accused Rahul Tanaji Patil alias "Javed" in Kolhapur district of Maharashtra, Vivek Thakur alias "Aditya Singh" in Shahjahanpur district of Uttar Pradesh and Mahendar in Ballari district of Karnataka, Premises of suspects Shiva Patil alias "Bhimrav" in Yavatmal district of Maharashtra and Shashi Bhushan in Rohtas district of Bihar were also raided, the official said. The searches led to the seizure of Fake Indian Currency Notes (FICN) of fac
A special NIA court has convicted a woman in the Bengaluru fake currency case involving smuggling of huge quantities of high-quality counterfeit banknotes from Bangladesh into India via Karnataka. Vanitha alias 'Thangam' is the sixth accused to be convicted in the case. She was sentenced to six years of imprisonment under Section 489B (using as genuine counterfeit currency notes) of the Indian Penal Code (IPC), five years of imprisonment under Section 489C (possession of counterfeit currency notes) of the IPC, and two years of imprisonment under Section 120B (criminal conspiracy) of the IPC. All the sentences will run concurrently, the National Investigation Agency (NIA) said on Saturday. The court also imposed a fine of Rs 20,000 on Vanitha. In a joint operation with the NIA in 2018, the Karnataka Police had seized fake currency with a face value of Rs 2.50 lakh from Vanitha following the arrest of three other accused with counterfeit currency notes with a face value of Rs 4.34 ..
A special NIA court in Bihar has sentenced a key accused in the East Champaran fake currency case to five years' rigorous imprisonment, an official said on Sunday. Raisuddin, a resident of Mohanpur village in West Bengal's Malda district, was also fined Rs 5,000. The court convicted him in the 2015 case on August 18. He was sentenced on Saturday, a spokesperson for the federal agency said. He has been sentenced to five years of rigorous imprisonment with a fine of Rs 5,000 under various sections of the Indian Penal Code and the Unlawful Activities (Prevention) Act, the official said. Raisuddin is the fifth person to be convicted and sentenced in the case relating to the East Champaran Fake Indian Currency Notes (FICN) case. The Directorate of Revenue Intelligence, Patna, initially registered a case on September 19, 2015, following the seizure of high-quality FICN with a face value of Rs 5,94,000 (Rs 5.94 lakh) from another accused, Afroz Ansari. Ansari was carrying the FICN ...
Two men were arrested for allegedly printing and supplying high-quality fake Indian currency notes in Delhi and NCR, police said on Tuesday. One of the accused planned to print fake Indian currency notes (FICN) as a means to earn easy money. He was inspired by the web series "Farzi", they said. The accused were identified as Tajeem and Irshad of Uttar Pradesh's Kairana district. Fake currency equivalent to Rs 5,50,000 (Rs 5.50 lakh) -- all in Rs 2,000 denomination -- was recovered from the pair, they said. The accused printed and circulated currency notes of Rs 2,000 denomination to take advantage of its phasing out. The police received a tip-off on June 21 that a member of a gang circulating fake Indian currency would come to Alipur to deliver a consignment. A trap was laid and Tajeem apprehended with high-quality FICN, equivalent to Rs 2,50,000 (2.50 lakh), was recovered from him," Special Commissioner of Police (Special Cell) HGS Dhaliwal said. Tajeem revealed that he had recei
The Mumbai Police have arrested a 31-year-old farmer and seized from him 16,000 fake currency notes of Rs 500 denomination with the face value of Rs 80 lakh in suburban Powai, an official said on Wednesday. The seizure was made by the crime branch on Monday, he said. "The crime branch got a tip-off that a gang was active in circulating fake notes. A trap was laid and the accused was nabbed. Police seized 160 bundles of Rs 500 fake currency notes from him," the official said. During the probe, it was found that the accused farmer wanted to become rich in a short time and hence he was indulging in this. It is being ascertained how many fake notes he circulated in the market. The accused was arrested under relevant sections of Indian Penal Code (IPC), including forgery and planning. He was produced in a court, which remanded him in police custody till January 4. More persons are likely to be arrested and further investigation is underway, the official added.
Fake currency, terror financing and black money are three evils and are like 'Jarasandha' (an antagonist in Mahabharat) and should be cut into pieces, the Centre told the Supreme Court on Monday while opposing the pleas challenging the 2016 demonetisation exercise. Attorney General R Venkataramani, appearing for the Centre, submitted before a five-judge Constitution bench headed by Justice S A Nazeer that the government is duty bound to address the three evils. "They (petitioners) have said we should have conducted studies before demonetisation. For more than a decade, central government and the Reserve Bank of India have been looking at the three problems (fake currency, terror financing, black money)... They are like Jarasandha. You have to cut it into pieces. If you don't cut it into pieces, it will always be alive," he said. Venkataramani said judicial review of an economic policy may be restricted to where the court may only determine if there is a rational nexus with the objec