Seized fake cur­rency of poor qual­ity, says NIA

The Times of India (New Delhi edition) - - TIMES NATION - Bharti.Jain@ times­

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.

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