Fake notes back after demonetisation; Malda emerges as epicentre

lcafanboy

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Fake notes back after demonetisation; Malda emerges as epicentre
Malda, a district located along the Indo-Bangladesh border in West Bengal, has emerged as the epicentre of a 'fake currency earthquake' which is all set to shake the base of the government's promise of bringing an end to fake currency menace.

By Manogya Loiwal |
February 13, 2017

Malda, a district located along the Indo-Bangladesh border in West Bengal, has emerged as the epicentre of a 'fake currency earthquake' which is all set to shake the base of the government's promise of bringing an end to fake currency menace.

BSF along with other security agencies have made three major arrests in just a fortnight. The quality of fake Indian currency notes (FICN) was so good that even the authorities had a tough time in differentiating the real from the fake.


HERE IS ALL YOU NEED TO KNOW :

  1. The first arrest was made on Jan 23rd when 16-year-old daily wage labourer Piyarul Sheikh was caught with only one fake note of Rs 2000.
  2. The second one was caught this month on Feb 4th when two Rs 2000 fake notes were seized from Digambar Mondal, a member of the Kaliachowk 's third block panchayat samity.
  3. And again on February 8, Azizur Rahman was arrested with forty Rs 2000 denomination fake notes. He is a resident of Malda but arrested in Murshidabad's Chapraghat area.
  4. The 26-year-old was interrogated today jointly by the National Investigation Agency and other security agencies.
  5. Murshidabad SP Mukesh had earlier said that Rahman was going to deliver FICN to someone else before being caught. "The source from where they came from originally is yet unknown. The investigation on the same has begun," he had said.
  6. Sources speak of FICN traffickers trying to use innocent people, who are not too familiar with the new currency, by giving them samples of fake notes for testing whether the copy is good enough to dupe people.
  7. The fact that the Indo-Bangla border in Malda stretches to 176 km, of which 30 per cent is unfenced and many parts are riverine borders, makes the entry of FICN to India easy.
  8. Due to this reason there has always been a high security alert in the bordering area of Malda, but after demonetisation hit the market, the activities of fake note traffickers had come down. Now once again it has begun to resurface.BSF, central and state intelligence agencies have started interrogation of Digambar to get hold of the source from where the fake currency racket is going on.
  9. It has become difficult for the intelligence to track every corner as some a loophole always pops up.
  10. But it is being suspected that the fake notes that are getting circulated are not made in India. Most of the notes have been made on instructions from Pakistan but the route chosen has been via Nepal or Bangladesh.
  11. The porous and riverine border between India and Bangladesh comes as big geographical advantage for smuggling these fake notes into the Indian territory.
  12. Most of the residents in the border districts hail from minority community but speak Bengali, which makes it even more easier to cross into either sides of the country because of cultural similarities.
  13. Whatever has surfaced so far in the case is just the tip of an iceberg.
https://www.google.co.in/amp/m.indi...centre/1/881920.html?client=ms-android-lenovo
 

lcafanboy

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  • Fake ₹2,000 Currency Notes Recovered With 11 Out Of 17 Features Copied
Fake ₹2,000 Currency Notes Recovered With 11 Out Of 17 Features Copied
Feb 13, 2017 | 10:48 IST | SOURCE : Times Now
Three months after Prime Minister Narendra Modi scrapped the currency notes of ₹ 1,000 and ₹ 500 on November 8, 2016, fake ₹ 2,000 notes have been seized.

The latest seizures were made on February 8 in Murshidabad from Azizur Rahman (26), who hails from Malda in West Bengal.

Sources said Rahman, who was carrying 40 fake notes of ₹2,000 denomination, told investigators that they had been printed in Pakistan, allegedly with the help of the Inter Services Intelligence (ISI), and had been smuggled across the border from Bangladesh.

"The quality has improved from the last time and it is difficult to detect a fake note with naked eyes now. Last month, the FICN (Fake Indian Currency Note) smugglers pushed some sample notes of the new ₹2,000 and ₹500 denomination in small numbers to check their feasibility for circulation. We fear that they will be seen in the market very soon," said a senior official linked to the probe.

The first seizures of such notes were recorded on January 22 and on February 4, when Piyarul Sheikh (16) and Digamber Mondol (42), both from Kaliachak in Malda, were arrested by the local police and NIA.

In another case, Delhi Police also seized fake currency notes of ₹18 lakh on January 29. The suspects have used scanner and fine paper to print the fake currency notes. The matter is being probed.
 

Prayash

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The government was boasting abouy new "security features":confused1:
The goi should make a taskforce comprising rbi, income tax dept, cbi and others to end this counterfeit drama!
 

lcafanboy

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Fake Rs 2,000 notes from Pakistan reach India via Bangladesh border
Fake Rs 2000 notes: Citing interrogation records, sources said smugglers were required to pay Rs 400-600 in genuine currency for each fake Rs 2,000 note, depending on the quality.

  • WRITTEN BY RAHUL TRIPATHI | NEW DELHI |
  • Updated: February 13, 2017 11:39 Am
Fake Rs 2000 notes: 11 of 17 security features replicated, find investigators
It took barely two months since the demonetisation policy was announced for Pakistan-based counterfeiters to come out with fake Rs 2,000 notes, which were pushed by smugglers through the porous India-Bangladesh border, official sources told The Indian Express, citing recent seizures and arrests made by the National Investigation Agency (NIA) and Border Security Force (BSF).

The latest seizures were made on February 8 in Murshidabad from Azizur Rahman (26), who hails from Malda in West Bengal. Sources said Rahman, who was carrying 40 fake notes of Rs 2,000 denomination, told investigators that they had been printed in Pakistan, allegedly with the help of the Inter Services Intelligence (ISI), and had been smuggled across the border from Bangladesh.



WATCH VIDEO | Fake Rs 2,000 Notes From Pakistan Smuggled Into India Through Bangladesh Border




Citing interrogation records, sources said smugglers were required to pay Rs 400-600 in genuine currency for each fake Rs 2,000 note, depending on the quality.

According to sources, a study by investigators and experts of the seized notes revealed that at least 11 of the 17 security features in the new Rs 2,000 notes had been replicated. They included the transparent area, watermark, Ashoka Pillar emblem, the letters ‘Rs 2000’ on the left, the guarantee clause with the RBI governor’s signature and the denomination number in Devanagari on the front, said sources.

Citing experts, sources said the motif of Chandrayaan, the Swachh Bharat logo and the year of printing had been copied on the reverse side. Although the print and paper quality of the seized counterfeits were poor, they resembled genuine notes, they said. Besides, the seized notes had the water mark and a crackling sound, similar to genuine currency, said officials.

“The quality has improved from the last time and it is difficult to detect a fake note with naked eyes now. Last month, the FICN (Fake Indian Currency Note) smugglers pushed some sample notes of the new Rs 2,000 and Rs 500 denomination in small numbers to check their feasibility for circulation. We fear that they will be seen in the market very soon,” said a senior official linked to the probe.

Watch What Else Is making News

Read | BSF seeks RBI help to detect counterfeit currency notes

Sources said the first known attempt to smuggle fake currency was made in the last week of December 2016, when samples from across the border were sent for approval to smugglers in Malda.

The first seizures of such notes were recorded on January 22 and on February 4, when Piyarul Sheikh (16) and Digamber Mondol (42), both from Kaliachak in Malda, were arrested by the local police and NIA.

According to officials of the Securities Printing and Minting Corporation of India Limited (SPMCIL), the newly introduced notes had no additional security features and were similar to those in the old Rs 1,000 and Rs 500 notes.

“It is a mammoth exercise and needs several rounds of consultation before the new security features are added. There was no time to introduce additional security features in the remonetised Rs 2,000 and Rs 500 notes as the decision was taken only five months ago. The last time security features were upgraded was in 2005,” said an SPMCIL official, on the condition of anonymity.

On November 8, 2016, Prime Minister Narendra Modi had announced the move to scrap Rs 1,000 and Rs 500 notes to flush out high-denomination fake currency, mostly printed in Pakistan and circulated in India to destabilise the economy. This January, the government had cited Intelligence reports to say that the two main printing presses engaged in printing counterfeit Indian currency in Pakistan had been forced to shut.

According to a 2016 study conducted by the Indian Statistical Institute (ISI) in Kolkata, the value of FICN in circulation was pegged at Rs 400 crore.
https://www.google.co.in/amp/indian...border-4521505/lite/?client=ms-android-lenovo
 

lcafanboy

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Mamta BAGDIDI is Anti national and should be eliminated. GOI should fire her bottom.:shoot:

And Pakistan needs this :brahmos::shoot::shoot: :brahmos:
 

Kshatriya87

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Why doesn't RAW do something about this? After all they've taken oath to save India without the need to follow any rules & regulations. Some assassinations are in order.
 

Letters from Adi

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My aunt lives in fear in that illegal Bangladeshi infested place.

They should've transitioned it to digital currency rather than new cash.

Also, they should decrease the tax rates.
 

sorcerer

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Congress leader, builder among 3 held in fake currency racket

The Directorate of Revenue Intelligence (DRI) has busted a Fake Indian Currency Note (FICN) racket in Mumbai with the arrest of a Congress party district committee general secretary and two others, including a builder, on Saturday. DRI officials recovered FICN worth Rs 8.8 lakh from the trio who co-ordinated as part of a smuggling network that sourced fake currency notes from FICN vendors active on the Indo-Bangladesh border.
DRI officials claimed that Imran Alam Shaikh (pictured) , general secretary North Central District Congress Committee, was into the business of handling and distributing fake currency notes across Mumbai.

Interrogation of Imran, builder Mahesh Alimchandani, and Imran's uncle Zahid Shaikh has revealed that high quality FICN, printed and smuggled out of Dhaka, was sourced from one Shivajirao Khedekar, a resident of Pune.


Acting on actionable intelligence, DRI sleuths picked up Imran and Zahid from near MacDonald's outlet in BKC.

What surprised the DRI is how the trio functioned as a tight goal-directed entity, mingling seamlessly with a handful of agents and couriers on the ground, and shepherding the distribution of FICN across Mumbai for past several years now. The only outsider to exert administrative control over the triumvirate is FICN supplier Khedekar.

According to DRI officials while Khedekar was the primary supplier of FICN sourced from international operatives active on the Indo-Bangladesh border mostly in West Bengal, Imran was a key distributor handling the flow of FICN across the Mumbai market. DRI officials said he also ran his travel business, Aarzan Tours and Travels, in Bandra. North Central Mumbai District Congress Committee president Zia ur Rehman Wahidi told Mumbai Mirror, "I am not exactly aware of any person by that name. However, the party district committee has several cells one of which he may belong to."

Khar builder Alimchandani worked on 5 per cent commission by being a go-between Khedekar and Imran. Alimchandani befriended Imran because the former wanted to get rid of land dispute he got embroiled in. Imran had promised to help Alimchandani and bail him out of the land rights issues.



Zahid, uncle of Imran, told DRI officials that he had on at least two occasions distributed FICN, with a print value of Rs 20 lakh, inside Mumbai. Zahid also told DRI officials that Imran visited his residence on October 6 and handed him over a polythene bag containing 12 fake currency notes of Rs 500 denominations each.

Imran then instructed Zahid to meet a person at the BKC and in turn hand him over the fake notes. DRI officials said that Imran told Zahid that the FICN was obtained from Khedekar.

Zahid also told DRI officials that he had secured FICN on two occasions, a total of Rs 10 lakh in Rs 2,000 and Rs 500 denominations, from "known sources" and handed back those consignments to Imran in turn. Imran eventually got the notes distributed successfully across Mumbai. The seized currency notes said DRI officials sported the same security grade currency papers manufactured by global European firms.

Several security agencies are, meanwhile, working to stem the fresh tide of FICN smuggling into India in the post-demonetisation phase with the imprint of Pakistani state facilities behind the FICN racket forming the nub of a sprawling probe.

DRI officials said the "collusion of Pakistan's Inter-Services Intelligence (ISI) and the currency fakers are all too evident" in the recent spurt in FICN seizures including yesterday's.

Saturday's seizure is the third in row by the DRI in the span of just a month. The two previous seizures happened On August 30 and September 9.

DRI officials said they are probing the Khedekar's links with international FICN smugglers and with those "people familiar with the business of faking international currencies."


https://mumbaimirror.indiatimes.com...fake-currency-racket/articleshow/61000137.cms
 

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