Police in Bahraich, Uttar Pradesh, have arrested four individuals involved in printing and circulating counterfeit currency. The suspects were apprehended with fake notes and a colour printer used in the operation.
A yoga teacher from Surat and six others have been arrested in Ahmedabad for circulating fake Indian currency notes (FICN). Police estimate they may have circulated Rs 10 to 12 lakh in counterfeit money.
Ahmedabad police have seized counterfeit Indian currency with a face value of 2.38 crore and arrested seven individuals, including a yoga teacher from Surat. The operation uncovered the use of AI and e-commerce platforms to produce and distribute the fake notes.
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.
Police in Thane, India, seized firearms, weapons, and counterfeit currency from the home of a known criminal, Surendra Pandurang Patil, during a raid.
Police in Bahraich, Uttar Pradesh, have arrested four individuals involved in printing and circulating counterfeit currency. The suspects were apprehended with fake currency and a colour printer, and have been charged under the Bharatiya Nyaya Sanhita.
Eight people have been arrested for posing as police officers and robbing a man of 5,000 in a currency exchange scam near Kalyan railway station.
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.
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.
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.
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.
The menace of fake currency which majorly funds terrorism to be carried out on the Indian soil continues to haunt Indian security agencies with the Inter-Services Intelligence devising new plans to continue with this operation.
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.
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.
In the past couple of months, the major carriers of fake currency have been women. Indian agencies have managed to stop the smuggling of counterfeit notes from the Bangladesh, Nepal and Pakistan borders , to large extent. This has prompted the terror groups to shift their focus towards Dubai and Saudi Arabia from where they manage to smuggle fake currency into India.
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
In a major fake currency haul, the Bangalore police on Tuesday arrested nine persons and seized fake currency worth Rs 40 lakh. The police also seized six carbines, guns and six revolvers.
The government on Friday said gains from fake currency business are going abroad through the hawala route and admitted that the quality of fake currency has gone up with better imitation of security features.
Two jawans of Territorial Army were arrested and fake currency worth Rs 1.70 lakh was recovered from their possession in Poonch district, police said on Monday.
Intelligence Bureau and investigating agencies have established that fake currency funds terror in India. IB officials say there is a whopping Rs 17,000 crore worth of fake currency in circulation in India. While it funds terror organisations, it also helps intensify economic terrorism in the country. Sameer, one of the accused in the Hyderabad twin blasts, said in his confession and recent narco analysis conducted in Bengaluru that the notes are printed in Pakistan.
Police in Dehradun arrested two women from Uzbekistan and one from Kyrgyzstan for allegedly residing in the area with counterfeit Indian identification documents.
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.
The government has admitted that the problem of fake currency is alarming and dangerous.
The Anti-Terrorist Squad has arrested a Dawood gang member in connection with three cases of fake currency.
The English subtitles in Dhurandhar The Revenge don't get it right, and at regular intervals, the sub-titles and the Tamil dialogues are saying different things. Those in the audience, who know both languages, can be heard laughing at each blunder, observes A Ganesh Nadar.
"It is not possible to check supply of fake notes at the source itself as "there is a state support"
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Pakistan is flushing Tamil Nadu amd Karnataka with counterfeit currency to fund terror activities in the country, reports Vicky Nanjappa.
'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.
Intelligence agencies have seized fake Indian currency notes of over Rs two crore face value during 2011-12, the highest seizure in past three years, with Delhi accounting for a major chunk.
Aiming to check the menace of fake Indian currency notes, the Central Bureau of Investigation is creating a national data bank of such notes to trace their origin.
It is a virtual war that has been launched along the Line of Control by Pakistan -- and to add to the misery of constant ceasefire violations is the pumping in of fake currency which in the past six months has been valued at Rs 27 crore.
Fake currency with a total face value of Rs 4 crore has entered Arunachal Pradesh, Khandu said.
Recent seizures of large amounts of fake currency notes from the national capital is keeping the intelligence agencies on their toes, says Vicky nanjappa
Aziz, chairman of Hurriyat constituent People's League, was nabbed by a team of Delhi Police Special Cell when he was coming out of the Pakistan High Commission on Thursday evening.
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.
Addressing a workshop of state police nodal officers, Vijay Shankar suggested better cooperation between the state police and the central security agencies to chalk out a plan to deal with such criminals, who indulge in printing fake currency.
Vicky Nanjappa digs a bit deeper to unearth a few more angles in the fake currency menace creating havoc in India.
With the introduction of polymer notes, the government aims at ending the menace of counterfeit currency in the next five years, reports Vicky Nanjappa
The Constitution bench is hearing a batch of 58 petitions challenging the demonetisation exercise.
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