NIA seizes Rs 7 lakh value fake currency On 7 August, a team of NIA, Mumbai Branch has seized Fake Indian Currency Notes (FICN) of face value of Rs 4.34 lacs from the possession of three persons at Aluru, Bengaluru.
Acting on credible information that a deal in FICN is likely to take place in Aluru, Bengaluru, NIA team along with local police conducted a raid at BDA Layout, Aluru, Bengaluru and intercepted 3 persons, viz. M.G. Raju r/o Vijayapur, Devanahall, Bengaluru Rural, Gangadhar Kolkar r/o Bagalkot, Mudhol, Karnataka and Sajjad Ali r/o Khejuriaghat, Malda, West Bengal. They were found in possession of 217 fake Indian currency notes, all in denomination of Rs 2,000/- with the face value of Rs.4.34 lacs.
The seized notes are similar to genuine Indian Rs 2,000 notes and it is difficult for a common man to differentiate whether the notes are counterfeit or genuine. It is suspected that the counterfeit notes have been printed and smuggled from across the border.
Accordingly, FIR vide No. 0431/2018 dated 07/08/2018 has been registered at PS Madanayakanahally, Bengaluru u/s 34, 120B, 489B & 489C of IPC.
During further follow-up searches on 08/08/2018, the joint team of NIA and local police, seized FICNs of the face value of Rs 2.5 lacs from the possession of one lady r/o Srirampur, Bengaluru.
So far, the total FICN seized in this operation is around Rs 7 lacs. The investigation is underway.NIA seizes.