Fake Indian Currency Notes Menace

Discussion in 'Economy & Infrastructure' started by RPK, Aug 3, 2009.

  1. RPK

    RPK Indyakudimahan Senior Member

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    Woman ‘ISI agent’ held with fake currency

    In a major breakthrough, the police have arrested a suspected Inter-Service-Intelligence (ISI) agent and recovered fake currency with face value of Rs 4.8 lakh from her.



    The accused, Savinder Kaur, is a widow hailing from Bhawani Nagar area in Amritsar. She was arrested from Amritsar.



    Savinder was arrested following the interrogation of the kingpin of the fake currency racket



    Yudhvir Singh alias Yodha, arrested on July 31.



    With religious groups, Savinder (58) had visited Pakistan on many occasions in the past, the police said. Earlier, she lived in Srinagar and shifted to Amritsar during the days of terrorism in Punjab.



    The police said she was dealing in fake currency for the last one year. The fake notes recovered from her are in the denomination of Rs 500 and 1,000 — she allegedly brought them three months ago.
     
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  3. Energon

    Energon DFI stars Stars and Ambassadors

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    How/why do they suspect her being an agent? And why would they release that information without any proof? That would only further weaken the case.
     
  4. Daredevil

    Daredevil On Vacation! Administrator

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    its in the article itself.

    Savinder was arrested following the interrogation of the kingpin of the fake currency racket

    Holding fake currency is a proof itself and that too in large amounts. Its a different story if those fake currency notes were planted by some one else to implicate her in the crime out of some revenge.
     
  5. Tamil

    Tamil Regular Member

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    Like this kind of ANIMALS(PEOPLE) Just hang them on Public Immd. :india:
     
  6. IBM

    IBM Regular Member

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    I think India should change its paper and ink of its currency. Pak is able to copy, coz it buys the same paper and ink from where india buys. India should make her currency like Australia one (plastic notes)
     
  7. I-G

    I-G Tihar Jail Banned

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    Indian Government is in talks with European government on this matter .

    Inputs also reveal that transnational networks exist which use countries such as UAE, Malaysia, Thailand, Bangladesh, Nepal, Sri Lanka and Myanmar as transit points for bringing fake Indian currency into the country.
     
  8. mig-29

    mig-29 Regular Member

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    And what would be the truth CBI has informed that the FICN is a huge risk with lots of fake currency in circulation , however RBI has informed that it is not such a big threat, this has been going on for years, its high time that this matter is looked into in a serious manner by the Government.
     
  9. Singh

    Singh Phat Cat Administrator

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    That's what the Indian govt plans to do soon, iirc.
    And you are right, the fake Indian currency is being printed in Pakistani mints.

    Fake currency is available for 60-80% of the price openly, at least in Delhi this is the case.

    4.8 lacs is a small amount imo. And we have just eliminated one courier, not the source.
     
  10. Daredevil

    Daredevil On Vacation! Administrator

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    4.8 lacs may be small amount, but when you add up such small amounts being peddled by these couriers it will be huge amount and in the end it is our economy that will suffer, people will slowly lose confidence in the currency notes if this menace is not stopped.

    These couriers might not know the implications to national security when they peddle fake currency but they do know that they are doing illegal things. That should be enough to put them behind the bars.
     
  11. gokulakannan

    gokulakannan Regular Member

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    yeah hanging is the good judgement tamil. dont show mercy to them. because this shows coward activities of ISI
     
  12. gokulakannan

    gokulakannan Regular Member

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    yeah it s good judgement Tamil. This shows the cowards activities of ISI. They should be hanged infront of public(that too in front of pakistanis)
     
  13. gokulakannan

    gokulakannan Regular Member

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    your idea is good dude, but when this is going to happen. our politicians must want to take a serious concern abt this. would they???? :sad:
     
  14. Energon

    Energon DFI stars Stars and Ambassadors

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    This merely proves that she participated in the fake currency scandal, but sheds no light whatsoever on her being an "ISI agent."
     
  15. Sabir

    Sabir DFI TEAM Senior Member

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    On 15th August?...what do you think?
     
  16. I-G

    I-G Tihar Jail Banned

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    Ink used for printing currency found missing
    PTI 6 August 2009, 03:55pm IST


    NEW DELHI: About five kg of high-security ink used for printing Indian currency has been found missing from a consignment on its way to a printing centre in Mysore, compounding the persisting problem of proliferating fake currency notes.

    Central security agency sources said a consignment of OVI Intaglio ink was sent from Swiss firm SICPA's unit in Sikkim to Bharatiya Reserve Bank Note Mudran in Mysore.

    The consignment, sent in May, contained cans containing the special ink, used exclusively for printing currency.

    But when the consignment reached Mysore on May 30, about five kg of the ink was found missing, and after that an FIR was filed with the local police.

    Asked about the missing consignment, an official of the printing press -- on condition of anonymity -- said, "About 2-3 cans were missing from the ink consignment. We are yet to receive any word from the police about how the ink was pilfered."

    Sources said the missing ink consignment is a major security risk especially at a time when the circulation of fake notes has become a big problem.

    "Fake Indian currency notes now come with better printing technology and it is difficult to differentiate between the fakes and the original and hence the missing consignment of ink is a major problem," a source said.

    Sources said the ink costs over Rs one lakh per kg and is imported.

    Ink used for printing currency found missing - India - NEWS - The Times of India
     
  17. I-G

    I-G Tihar Jail Banned

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    Zee News Exclusive: Fake currency racket in India

    Updated on Saturday, August 22, 2009, 00:36 IST Tags:Fake currency racket, India, Pakistan, Terrorism

    Zeenews Bureau

    New Delhi/Patiala: Busting a huge racket of fake currency in the country, police have recovered currency with a face value of Rs 1,20,000 from two persons in Patiala.

    The two, including a woman, were travelling in a tempo near Devigarh and tried to flee when they saw the police yesterday.

    However they were caught and four packets of counterfeit notes of Rs 100 and Rs 500 denominations recovered from them, SP (city) R K Sharma said.


    The accused have been identified as Parminder Singh and Sukhwinder Kaur, both residents of Ludhiana.

    This recovery is a small part of a huge racket operating in the country, police told Zee News.

    Pakistan is sending these fake currency notes as a part of a conspiracy to weaken Indian economy.

    According to sources, any militant coming from across the border has been given at least Rs 5 lakh worth of fake currency. This fake currency is used by them to buy various items for their use and this way the notes can easily be put into circulation.

    Earlier terrorists used to send fake currency in bulk, so it was not difficult for security agencies to nab them. But this changed strategy of sending notes in small amounts has put a lot of pressure on the security agencies.

    According to the reports of National Crime Record Bureau, this year police have nabbed almost Rs 14 crore worth of fake currency. This is a massive increase from Rs 8 crore in 2007.

    This racket first came into light when the cashier of a bank in Dumariyaganj, Uttar Pradesh, Sudhakar Tripathi was held for changing fake currency to real ones.

    In only one year, Sudhakar Tripathi put Rs 4.5 crore into circulation in a small place like Dumariyaganj.

    The terrorists are not only using the conventional routes of Nepal, Pakistan and Bangladesh but are also using unsuspected countries like Singapore, Kualalumpur, Sri Lanka, Bangkok and Dubai to smuggle fake currency into the country.

    The most shocking thing is that apart from terrorists, even common people are being used to smuggle fake currency into India. One such case was of a woman who was arrested a few months back from Chandigarh with fake currency.

    Zee News Exclusive: Fake currency racket in India
     
  18. I-G

    I-G Tihar Jail Banned

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    Two jawans arrested with fake currency
    PTI 24 August 2009, 01:09pm IST


    POONCH (J&K): 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 here on Monday.

    Acting on a tip off, police took the two jawans into custody near Kalai bridge, about 230-kms from Jammu, late last evening and recovered Rs 1.70 lakh of fake currency, they said.

    The jawans have been identified as Mohammad Aslam and Inayat Hussain, they said, adding a case has been registered against them and further investigations were going on.

    Two jawans arrested with fake currency - India - NEWS - The Times of India
     
  19. I-G

    I-G Tihar Jail Banned

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    Soldiers thrash policemen trying to recover fake currency

    Updated on Tuesday, August 25, 2009, 11:57 IST Tags:Fake currency, Soldiers, Policemen, Clash, Jammu

    Jammu: A team of policemen trying to recover fake currency from two soldiers in the frontier district of Poonch in Jammu and Kashmir were thrashed by the soldiers' colleagues, police said Tuesday.

    The police have registered a case against the soldiers, including three officers.


    According to police, a team headed by Kuldeep Khajuria, in charge of Poonch police station, visited a village close to the Line of Control to arrest the alleged culprits who possessed over Rs 150,000 in fake currency.

    "The policemen were thrashed by the soldiers at the behest of a local commanding officer," a police official said.

    "We will proceed against the Army officials under law of the land. It is a grave offence to assault policemen on duty," the official said.

    Soldiers thrash policemen trying to recover fake currency
     
  20. I-G

    I-G Tihar Jail Banned

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    Two members of fake currency racket arrested

    --------------------------------------------------------------------------------
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    Share Print E-mail Comment[ - ] Text [ + ]STAFF WRITER 13:46 HRS IST
    Muzaffarnagar, Aug 25 (PTI) Two members were arrested for their alleged involvement in a fake currency racket at Baraut railway station in the district here, police said today.

    Salem and Kaley were arrested by the government railway police yesterday, senior police officer Avinash Yadav said, adding fake currency of face value Rs 50,000 was recovered from them.

    The duo revealed during interrogation that the fake currency was delivered to them in Nangloi village of Delhi which was to be distributed in Baraut, Yadav said.

    The racket was operating in Uttar Pradesh, Delhi, Haryana and Rajasthan.

    fullstory
     
  21. I-G

    I-G Tihar Jail Banned

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    Five persons arrested with fake currency notes

    --------------------------------------------------------------------------------
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    Share Print E-mail Comment[ - ] Text [ + ]STAFF WRITER 18:55 HRS IST
    Mainpuri Aug 25 (PTI) Five people were today arrested with counterfeit currency notes worth nearly Rs one lakh.

    Senior Superintendent of police, DK Rai said that on a tip off, the special operations group of the district police picked up five persons from near Chaukaria village and recovered counterfeit currency notes of Rs 500 and Rs 100 denomination worth Rs 99,700.

    Those arrested are said to be members of an inter-state gang and interrogation was on, the SP said adding that based on the information provided by them more arrests are likely to be made.
    fullstory
     

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