Pages Navigation Menu

India news, headlines, breaking, events , stories and all that is trending today

Bhopal: Six held in 10 days for printing, circulating fake currency notes

BHOPAL: The Bhopal crime branch police in the past 10 days have arrested at least six people for allegedly printing fake currency notes and trying to circulate in the markets, especially in the rural areas. The police have also seized about Rs 2 lakh worth fake currency notes mostly of 2,000 and 100 denominations. One of the major reasons which the police believe is behind the spurt in fake currency printing is the intention of earning quick money by the accused.

In almost all the cases, the modus operandi was same as the accused used very basic office and home devices like printer, scanner, paper cutter, white printing paper etc.

“Most of the accused arrested for indulging in the crime of printing and circulating fake currency notes confessed that they started printing them going by initial media reports about the ‘poor’ paper quality and issues like discolouration engulfing the Rs 2,000 note. They thought they could easily circulate fake currency notes by printing them at their home without much investment,” said additional superintendent of police (crime), Rashmi Mishra while speaking to Free Press.

She further told Free Press that most of the accused had criminal background with little education and they thought printing fake notes would be an easy way to make some quick money.

“The accused in almost all the cases had plans to circulate the fake notes in the rural areas where they believed they could not be caught. They generally prefer to print fake notes of Rs 2,000 and Rs 100 denomination because they thought Rs 100 notes were easy to circulate in villages while in Rs 2,000 fake note they could get more profit. But unfortunately for them, they could only circulate very minimal number of notes because the paper quality of those fake notes was very poor and anyone literate enough could easily say they were fake. Also the fake notes were having no watermarks unlike the ones which come from across the border in India,” said Mishra.

Speaking about the preventive measures to curb the crime of printing and circulating fake currency notes in the city, she said the police were trying to create awareness through various channels.

“We try to create awareness about such fake notes through channels of media. Apart, we have asked our informers to be extra vigilant to nab people trying to do such crime. And as a routine, we have written to Reserve Bank of India too about the fake currency notes being caught in the city urging them to take necessary steps regarding it,” added Mishra.

This post was syndicated from Free Press Journal. Click here to read the full text on the original website.


Be the First to Comment!

Notify of