Seized fake currency of poor quality, says NIA
New Delhi: The National Investigation Agency, which is probing several cases relating to circulation of fake Indian currency notes (FICN), has not invoked the Unlawful Activities (Prevention) Act in a single FICN case registered post-demonetisation as none of the counterfeit currency seized by it was certified as “high-quality” by forensic experts.
Also, investigation into FICN cases by NIA sleuths has been unable to trace any Pakistani origins of the new fake Indian currency notes, as was the case prior to demonetisation. “It seems the fake currency is printed in Bangladesh before it is sent in consignments to India via Malda and Murshidabad in West Bengal through human couriers. It is then forwarded to circulation networks in Bengaluru, Rajkot and Chennai, etc,” said a senior officer.
In the two years following demonetisation, NIA has taken over/registered more than a dozen such cases. However, sources told TOIthat the average face-value of fake currency recovered in these cases was much lower than the figure prior to demonetisation.
A look at FICN cases probed by NIA after November 2016, as listed on its website, reveals that the highest recovery of “printed” fake currency notes was of face value Rs 10 lakh in Visakhapatnam. As for seizures in Rajkot in early 2017, totalling Rs 4.92 crore, the fake notes were not even “printed” but merely churned out of colour photocopiers.