Fake Indian Currency Notes Menace

[RPK]

The Hindu : Tamil Nadu / Chennai News : Gang held with fake currency

CHENNAI: A Jharkhand-based gang, including two women, which circulated counterfeit currency in the city, was arrested by the Mambalam police on Sunday.

Fake 1,000-rupee notes numbering 92 were seized from the accused, who according to the police, had made Rs. 50,000 here earlier by exchanging fake currency for genuine notes and transferred the sum online to an agent in Jharkhand.

Following a tip-off by a merchant about two men trying to buy groceries with counterfeit 1,000-rupee notes on Thyagaraya Road on Saturday afternoon, a police team headed by M. Saravanan, Inspector of Police, Mambalam apprehended them.

They were Mohammed Zahir Hussain (25) and Mohammed Raju Sheik (19), both natives of Jharkhand. “We first seized 16 fake 1,000 rupee-notes from them. Upon questioning, it was known that they had come to Chennai as a gang five days ago and were trying to circulate the counterfeits,” said Mr. Saravanan.

Alhas Sheik (32) and Lotha (25), from Jharkhand, and Rukshana (35) from Kolkata were also arrested from a tourist home in Periamet on Saturday night. A total of 76 fake notes, three mobile phones, Rs.5,565 and groceries purchased using fake notes were seized from their room.

According to P. Sakthivel, Joint Commissioner of Police, South Zone, Lotha and Rukshana were bar dancers from Mumbai, who the three accused had engaged to make the team seem like a family.

“The gang is known to have come to Chennai on two occasions earlier and made a total of Rs.50,000 then in exchange for counterfeit notes here. They had sent the money to an agent in Jharkhand through online transactions. Investigation is under way and we are expecting to unearth more links,” said Mr. Sakthivel.

All the five accused were produced in a city court, remanded to custody and sent to the Puzhal prison.

 

[RPK]

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FIR against SBI manager for depositing fake notes

Reserve Bank of India has lodged an FIR against the branch manager of a nationalised bank for allegedly depositing fake Indian currency notes with it.

According to the FIR filed yesterday by manager of Reserve Bank of India (Kanpur Head Office) Anil Bajar, the Manager of State Bank of India, Bhongaon branch in Mainpuri, Inradeo Chturvedi had deposited fake notes in RBI on May 18, 2009, police said today.

Six notes with the face value of Rs 100 each were allegedly found fake by RBI on scanning and were sent to Nasik branch for testing.

The Nasik branch confirmed that they were fake, police said, adding following which an FIR was lodged.

"We are investigating the matter and culprits will be nabbed soon," Superintendent of Police, D K Rai said.

 

[Daredevil]

Thread title should be changed to "Fake Indian Currency Notes Menace".

 

[RPK]

Thread title should be changed to "Fake Indian Currency Notes Menace".

I second that

 

[Rahul Singh]

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

Get the master not *****. Peoples like her are always at disposal. BTW it smells like the widow woman was in severe economic trouble.

 

[RPK]

3 persons arrested with fake currency notes in Kashmir - dnaindia.com

Srinagar: The Jammu and Kashmir police today arrested three persons with fake currency notes in Budgam district, official sources said.

Mohammad Maqbool Wagay of Kani-Daji, Mohammad Shaban Khan of Kewa and Zahoor Ahmad Kumar of Lamad were arrested on a tip-off by a police party from Charar-e-Sharief, 29 kilometres from here, sources said.

They said fake currency notes of Rs1,000 and Rs500 denomination with a face value of Rs70,000 were recovered from the possession of the arrested persons.

A case has been registered in this regard against the arrested persons, the sources said adding that this is the second such arrest in the valley over the past nine days.

On September 9, police arrested four persons with fake currency with a face value of Rs54,000 from Humhama area of Budgam.

 

[IBM]

India should follow Australia and Newzealand to make plastic notes, which r almost impposible to copy.

 

[RPK]

Dawood behind flooding India with fake currency

New Delhi: Very sophisticated, fake Indian currency has been pumped into the Indian market and it's almost impossible to detect. CNN-IBN has learnt that India's most wanted man, Dawood Ibrahim, is behind the operation to flood the country with fake currency and his henchman, Chotta Shakeel, handles all the operations from Karachi.


CNN-IBN has also learnt that Pakistan's ISI has been using Dawood since the late 1990s to manufacture and send the fake currency notes into India.


Initially the fake notes were smuggled through Nepal and the man responsible was Salim Miya Ansari - a former cabinet minister during King Gyanendra's regime. Intelligence sources indicate that now his son, Yunus Ansari, runs the business in close coordination with the Pakistani Embassy in Kathmandu.


But it not just Nepal any more. Bases have been set in six countries across Asia to send the fake currency into India.





Kuala Lumpur in Malaysia




Colombo in Sri Lanka




Bangkok in Thailand




Dhaka and Rajshahi in Bangladesh




Kathmandu and Nepalgunj in Nepal




Dubai, Sharjah and Abu Dhabi in UAE



According to Home Ministry sources, the most preferred route is the air because without specific intelligence, it's impossible to detect fake currency.


Investigation by the Directorate of revenue intelligence shows that from Dubai, Sharjah and Abu Dhabi, fake currency is usually sent to Calicut, Bangalore, Mangalore and Mumbai.


A new trend shows that it's also sent to Colombo from Dubai. An agent then goes from Calicut or Chennai to Colombo and collects the consigment and comes back.


From Kuala Lumpur and Bangkok, it's sent directly to two places - Kathmandu and Dhaka - from where the fake notes are sent into India through the land route, across the porous eastern borders of the country.


In 2008-2009, fake currency operations have seen a sudden spurt. Nearly Rs 2.5 crore worth of fake Indian notes have been seized by the Directorate of Revenue Intelligence. Home Ministry sources say that it is just the tip of the iceberg, which means consignments worth crores of fake Indian notes have come into the country undetected.

 

[venkat]

How about govt promoting more and more usage of credit and debit cards ?

 

[RPK]

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Fake currency notes seized in Vijayawada, 3 arrested

Vijayawada, Sept 24 (PTI) Counterfeit notes in the denomination of 500 with a face value of Rs 6.61 lakh were seized and three members of a gang, running fake currency racket, arrested by the city police today, a senior police officer said.

While Shaik Ali was arrested from the Central Bus stand here, K Srinivasarao and B Srinivasulu were arrested on the basis of information revealed by Ali during interogation, Vijayawada Central Assistant Commissioner of Police A Subba Rao told reporters.

While Srinivasarao hails from Visakhapatnam, Srinivasulu is from Vizianagaram.

Ali, who hails from old city here, was arrested when he tried to exchange a fake Rs 500 note at a canteen at the bus stand here.

 

[RPK]

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Three held with fake currency notes

Motihari, Sep 28 (PTI) Three persons were arrested and fake currency notes of face value of Rs 50,000 were recovered from them Purushottampur village along the Indo-Nepal border in Bihar's East Champaran district.

All the three arrested persons-- Manjay, Ramkant and Anil-- were residents of Purushottampur village.

 

[RPK]

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Fake currency notes seized from Orissa village

Rayagada (Orissa), Sep 29 (PTI) Fake currency notes with face value of Rs 1.65 lakh were seized and four persons arrested from a village in Orissa's tribal Rayagada district, police said today.

The fake currency notes of Rs 500 and Rs 100 denominations were recovered from Regeda village in the district yesterday, Gunupur police station officer-in-charge S Barik said.

 

[peacecracker]

I believe, Malabar Coast(kerala,mangalore-karwar coast) is the Main Carrier of fake currency.

 

[RPK]

India fake currency-Fake currency of Rs 1 lakh recovered from RBI office in Delhi

New Delhi: Counterfeit currency with a face value of around Rs one lakh were recovered from the Reserve Bank of India office in the national capital, police sources said today.

A case was registered recently after a senior official of the RBI approached police complaining that 296 fake notes of various denominations were detected last month, they said.


It is suspected that some banks have "unknowingly" submitted the notes with RBI, they said adding the fake notes have been sent for examination in Bank Note Press in Madhya Pradesh.

Recently, counterfeit notes with a face value of Rs seven lakh was detected in the Citibank branch operating out of Jeevan Bharti building in Connaught Place by its officials who approached police.

Fake notes with a face value of over Rs 67 lakh were seized by Delhi Police this year so far with investigators indicating that the rackets are now more into printing counterfeit currency of Rs 500 denomination than Rs 100, reversing a four-year-old trend.

According to Delhi Police statistics, fake notes with a face value of Rs 67,66,630 were seized in the capital till September 15 this year as against last year's total figure of Rs 59,19,000 in fake notes.

Bureau Report

 

[RPK]

Three held with fake notes

http://www.ptinews.com/news/358423_Three-held-with-fake-notes

Haridwar, Nov 2(PTI) Three persons were arrested for allegedly keeping in their possession fake notes worth Rs 55,000 at Hill Bypass road here, police said today.

Mazid, Pawan Kashyap and Pravin, all residents of Haridwar were arrested last night, when police raided a house following a tip off, they said.

On interrogation, the arrested persons told police about their involvement in the fake note racket for a long time.

 

[Shelar]

Fake currency is an international menace (eg. US faces from N korea) I guess it is the 'easiest' method of state sponsored terrorism. :thumbs_thmbdn: Most effective method is to go for better currency notes like plastic based notes.

 

[RPK]

Fake currency worth Rs 900,000 seized in Punjab

Ferozepur (Punjab), Nov 7(ANI): Alert patrolling personnel of the Border Security Force (BSF), deployed along the India-Pakistan border, seized counterfeit currency notes worth Rs. 900,000, said Deputy Inspector General (DIG) of BSF Rajesh Gupta on Saturday.

The seizure was made at a place in Manglok sector in Punjab.

Addressing the media at Ferozpur, Rajesh Gupta said that the fake currency notes of denominations of Rs 500 and 1000 were found in 16 bundles.

“We got the information that on the gate number 212 that falls under Joginder area of Manglok sector, which is between barren lands, near the River Sutlej, FICN (fake Indian currency notes) was buried. We conducted search operation on November 4 and 5. We carried out search operations, but did not find anything,” Gupta said.

“Then, we searched again yesterday and found fake currency at two places. In the first place, we found Rs one lakh and at the other we found Rs eight lakh. The first bundle of Rs one lakh was found in Rs 1000 denominations and the second bundle was found in Rs. 500. There were 16 bundles,” he added.

He further revealed that the currency must have been smuggled across the border from Pakistan. He also mentioned that over the past five months, BSF had detected and seized fake currency notes worth Rs 2,20,000.

However, no arrests were made in the latest seizure and investigation is in progress. (ANI)

 

[RPK]

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Fake currency gang member arrested

Faizabad (UP), November 16 (PTI) Ayodhya police nabbed one person and recovered Rs 25,000 fake currency from his possession.

Officials said he is part of an international gang dealing in counterfeit Indian currency notes and who were trying to smuggle in a consignment from Nepal.

On a tip off by Military Intelligence, the local police nabbed Pawan Kumar Mishra, and recovered about fifty currency notes of rupees 500 denomination from his possession.

According to the station officer of RJB police station of Ayodhya, "during interrogation Mishra told that he has brought certain quantity of counterfeit notes from Nepal".

The consignment of fake currency notes was supplied to him by a dealer named Kumar Sahni. The master-mind behind the racket is a person named Raju Sharma, a resident of Rampur district, police claimed Mishra revealed during interrogation.

 

[RPK]

Four arrested in Delhi with fake currency

New Delhi, Nov 17 (IANS) Four people were arrested in the national capital with counterfeit currency with the face value of Rs.1 million, police said Tuesday.
Working on a specific information, police arrested the men from Safdarjung Enclave in south Delhi Monday, a police officer said.

“The gang was smuggling the counterfeit currency from Bangladesh and circulating in India via a well organised network,” Additional Commissioner of Police (Crime) Neeraj Thakur said.

Police are trying to locate other members of the gang.

 

[sandeepdg]

Last i heard, the Indian government was considering starting the production of plastic currency notes like the Australians with some external help. Whatever happened to those plans, i guess ??