PTI 29 August 2009, 08:43pm IST
HYDERABAD: West Godavari district Police in Andhra Pradesh on Saturday claimed to have busted a counterfeit currency racket with the arrest of
seven members of a inter-state gang and seized fake currency notes, with a face value of Rs 19 lakh from their possession.
A police team nabbed seven members of the gang including prime accused V Satyanarayana Reddy, three persons of West Bengal and two from Bihar at Goshpadhaksheatram in Kovvur of West Godavari yesterday, district superintendent of police Balakrishna said.
The fake notes, all in the denomination of Rs 500, were seized from them while they were trying to exchange it, he said adding "it is reliably learnt that the fake currency was procured through the border at West Bengal and Nepal and seems to be made in Pakistan."
A comprehensive investigation is launched to unearth the racket of counterfeit currency in Andhra Pradesh, he said.
The accused were identified as Md Ameer Hussian, Mubarak Hussian and A Ameer from Malda District in West Bengal, Kameswara Rao of East Godavari district, Vicky Sharaff and Pawan Sharaff from Patna, he added.
Further investigations were on. (link)
RBI issues fresh appeal on fake currency
Ruchika M. Khanna
Tribune News Service
Chandigarh, August 28
Seizure of counterfeit notes of Rs 1,000 denomination by the Anti Terrorist Squad (ATS) in Mumbai has set the alarm bells ringing for most banks in the country. In a fresh appeal to all public sector, private and foreign banks, the RBI has warned of large-scale counterfeit currency notes of Rs 1,000 denomination (of 2 AQ and 8 AC series) being in circulation.
Though no official details of the number of these fake notes in circulation are available, intelligence sources claim that over two lakh pieces of these notes have already been pushed in the country. Though the RBI sources have refused to comment on the number of pieces in circulation, it has warned the in-charges of fake note vigilance cells of all banks about the threat. Banks have been asked to ensure that the cash handling staff at all bank branches are alerted about these series of notes and ensure the usage of note sorting machines for Rs 1,000 notes.
It is learnt that the Mumbai ATS had recently seized 345 fake currency notes in the above mentioned series. These were seized from four persons belonging to West Bengal and Jharkhand. These notes also bore the signatures of Dr Y V Reddy, former Governor of the RBI.
Interestingly, all these notes (pertaining to the 2005-06 series) had all new and strengthened security features like optically variable ink, colour, shift security threat etc. Sources said the counterfeiting has been by printing of the notes and first visual impact is similar to the genuine notes. It was only when the notes were got checked by note sorting machines (NSMs) that they were treated as suspect.
Meanwhile, the annual report of the RBI released yesterday also mentions that the detection of counterfeit banknotes has showed a rising trend. As many as 3,98,111 counterfeit banknotes were detected at the Reserve Bank’s offices and bank branches during 2008-09 as compared to 1,95,811 in the previous year. Out of this, 3,42,281 pieces were detected at bank branches, which indicate the increased use of NSMs at their end.
The RBI has taken several steps to check the menace of counterfeit bank notes. The installation of NSMs by all banks at their currency chest branches (to facilitate examination and detection of counterfeit notes at the currency chest level itself), and the setting up of the Forged Note Vigilance Cells (FNVCs) at the banks (to ensure stringent levels of anti-counterfeit management in the banking system) helped significantly in the increased detection of counterfeit bank notes, says the annual report.
3 fake currency runners in police custodyTNN 29 August 2009, 06:00am IST
AKOLA: The three accused, who were arrested on Thursday night in the Rs 1.07 lakh fake currency case, were remanded in police custody till
September 2, said sources in the police department. Sayyad Sheikh (25), S K Ansar (33) and Shaikh Gulam (40) were produced before the local magistrate who passed the orders.
Earlier, acting on a tip off, the special police squad nabbed the accused and seized Rs 50,000 in fake currency from Bashir. The remaining fake currency was confiscated from the other two accused. The currency was in Rs 100 denomination. After crosschecking the seized notes with the real ones, the police realised that the former were fake.
Fake currency flowing in from Dubai, Bangladesh: Mumbai police
August 29th, 2009 - 10:23 pm ICT by ANI
Speaking on the sidelines of laying the foundation stone of a Police Academy here, Mumbai’s police commissioner D. Shivanandan said: Much of the money (fake currency) is coming from Dubai or from Calcutta (Kolkata) from Bangladesh side. We are coordinating with the Calcutta (Kolkata) police on this.
Several cases of fake currency notes being pumped into the country have been reported across the country.
The Gujarat Anti-Terrorism Squad (ATS), earlier in the day, arrested a key operative of a fake currency racket and seized counterfeit notes with a face value of 2,807 dollars. (ANI)
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