A joint operation by Nepal and West Bengal police has led to the arrest of seven individuals and the seizure of counterfeit currency worth approximately Rs 70 crore from a flat near Kolkata.
Nuh Police have arrested a brother and sister for allegedly attempting to extort Rs 5 lakh from a local resident by threatening to falsely accuse him of rape.
Officials said the six were arrested after a money changer noticed that the 500 and 1,000 Indian rupee notes presented to him for changing were fake.
The Department of Revenue Intelligence, DRI is tracing a major counterfeit currency racket with roots in Kerala and wings spread across Middle east and Far East.
Majid Manihar's death in Nepal has dealt a body blow to the ongoing probe into the Inter Services Intelligence-sponsored fake Indian currency racket.
Vicky Nanjappa digs a bit deeper to unearth a few more angles in the fake currency menace creating havoc in India.
Vicky Nanjappa reveals how thieves working for Pakistan's ISI stole the template for Rs 500 and 1,000 currency notes, to improve the quality of fake currency being printed across the border.
Intelligence agencies have traced the origins of the fake currency that is being used to fund terror activities in India. IB officials have specific information that fake Indian currency is being printed in Karachi, Quetta and Lahore, under the patronage of Pakistan's Inter Services Intelligence.IB officials have already warned the Centre about fake currency making inroads into the Indian economy through Nepal and Bangladesh.
Pakistani intelligence is involved in marketing counterfeit currency in India and Bangladesh to patronise militant groups like Lashkar-e-Tayiba for their cross-border operations, a media report in Dhaka claimed on Saturday.
Security agencies in Manipur are investigating an arms smuggling racket originating from Myanmar, with potential nationwide implications. The probe follows the arrest of a senior leader from a Valley-based Insurgent Group (VBIG).
The circulation of fake currency notes is on the rise in Andhra Pradesh and what the police fear is the growing proximity between Naxals and terrorists. Vicky Nanjappa reports
The federal probe agency also said it seized Rs 12 crore in cash (including about Rs crore in foreign currency), gold jewellery worth Rs 6 crore, silver about 10 kg along with four vehicles following raids launched on Friday in multiple states.
The National Investigating Agency recently filed a 'confidential' report before the special NIA court in Mumbai. Toral Varia accesses the report submitted before the court which has several findings that nail Pakistan's role in the manufacture and circulation of fake currency notes in India.
The National Investigating Agency recently filed a 'confidential' report before the special NIA court in Mumbai. Toral Varia accesses the report submitted before the court which has several findings that nail Pakistan's role in the manufacture and circulation of fake currency notes in India.
Uttar Pradesh Police's Special Task Force unearths a fake embassy operating in Ghaziabad, arresting a man who claimed to be a diplomat of a non-existent country.
Investigating agencies claim that the amount of fake currency in India is a shocking Rs 170,000 crore. Reserve Bank of India officials dispute this figure and say that as on July 2008, the total currency available with the Indian public was Rs 603,000 crore and if what the IB is saying is true, then it would mean that 28 per cent of the currency in the country is fake.
Some of the money used to finance the terror attacks in Mumbai last November and the Indian Institute of Science in Bengaluru in December 2005 came via a fake currency racket, sources from the Intelligence Bureau and Central Bureau of Investigation have revealed.
With the introduction of polymer notes, the government aims at ending the menace of counterfeit currency in the next five years, reports Vicky Nanjappa
After detection of fake currency notes with face value of several crores in its Dumariyaganj branch, the largest public sector lender State Bank of India has put all its 1,350 branches in Uttar Pradesh on alert, asking them to be extra cautious.
Although there are various versions, it has now become clear that a major fake currency racket operates in the country and this money is being used to fund terror operations in the State.
Nepal's former crown prince Paras Shah has denied media reports linking him to a fake Indian currency racket operated by underworld don Dawood Ibrahim, terming it "false and malicious".
Lashkar-e-Tayiba operative Abdul Karim Tunda has told his interrogators that Pakistan's intelligence agency Inter-Services Intelligence used to run the entire supply chain of Fake Indian Currency Notes being smuggled into India.
The Enforcement Directorate (ED) on Friday raided the premises of businessman Raj Kundra, the husband of actor Shilpa Shetty, and some others as part of a money laundering case linked to alleged distribution of pornographic content. Around 15 locations in Mumbai and Uttar Pradesh are being searched. The probe pertains to the role of suspects in alleged distribution of pornographic content through mobile applications and other modes.
Home Minister P Chidambaram on Wednesday said fake currency business was "not a cottage industry" and pointed out that "an organised effort in Pakistan and Pakistan-occupied Kashmir" was behind it.
Intelligence bureau officials warn that the next big to fund terror activities would be abductions and investigations have shown that ransom money was used in major terror operations such as the attack on the World Trade Centre and the Indian Parliament.
The instances of fake currency detection continue to occur despite a slew of measures initiated by the Reserve Bank of India (RBI) in recent months. According to investigating agencies, the recently recovered Rs 2 crore in fake currency in Mughalsarai, is just the tip of the iceberg.
Each time anybody smokes marijuana, he or she contributes towards funding terror organisations.
With the patronage of the ISI, Dawood Ibrahim and his aides continue to run a major fake currency racket that funds terror activities in India, says Vicky Nanjappa
The Central Bureau of Investigation has taken over the investigation of four distinct cases from the Assam police, all connected with the death of the state police sub-inspector Junmoni Rabha last month in a suspected road accident, according to officials.
'The RBI obviously gets to know when an entire series of currency notes has been faked. I fail to understand why they continue with the series despite it being faked,' former CBI director Joginder Singh tells Vicky Nanjappa.
With this the total number of suspensions in both Indian Security Press and CNP in connection with the fake stamp paper racket has gone up to seven.
A woman Jet Airways employee was allegedly trying to smuggle out foreign currency worth over Rs 3 crore.
Bulk seizures of new currency continued on Saturday with some more incidents being reported, including one in which the IT department recovered Rs 5.7 crore cash in new notes secretly stashed inside the bathroom tiles of a hawala dealer in Chitradurga district in Karnataka.
The harum-scarum-ness of Kaala is astounding, exclaims Deepa Gahlot.
A special National Investigation Agency court in Mumbai on Wednesday convicted six persons for possessing and circulating Fake Indian Currency Notes in May 2009.
Authorities on Saturday continued to dig up currency to the tune of lakhs of rupees, including in new notes, across the country.
The Uttar Pradesh government said prima facie no terror link had been established.
In a first, a special National Investigation Agency court in Mumbai sentenced six accused in a 2009 fake currency case to life imprisonment, terming the possession and circulation of Indian counterfeit notes as an "act of terrorism".
"Two BSF constables got surrounded and were badly hurt (by the miscreants). It was then that they opened fire in self-defence. They fired a few rounds in the air. Later it was found that two persons on that side of the border had died in the firing," BSF Additional Director General Y B Khurania said.
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