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Fake Indian currency smugglers find new routes along Border

Saturday, November 10, 2018, 3:22 PM

The design of high-value Indian currency notes has changed. However, what hasn't changed is the vast network of smuggling FICN (Fake Indian Currency Note) in Kaliachak, Malda and adjoining areas. Kaliachak was, and remains the nerve centre of FICN smuggling in eastern India. Intelligence agencies are alarmed that FICN makers are copying ever-increasing number of security features in high-value fake currency.
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NIA Arrests Two Men With Fake Rs.2,000 Notes In Mumbai's Andheri

Saturday, October 13, 2018, 8:49 PM

Two men were arrested from suburban Andheri in Mumbai today by the NIA with fake currency notes of Rs.2,000 denomination with a face value of Rs.96,000, an official said. The official identified the two men as Saddam Salim Hawaldar and Fahad Naushad Chandiwala, residents of Sakinaka and Santacruz respectively. Acting on a tip-off, the NIA team nabbed them and recovered 48 notes from them.
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Rs 100 note more likely to be a fake than any other, says RBI report

Saturday, September 1, 2018, 11:47 AM

Around 46% of all fake notes recovered in 2017-18 were of Rs 100 denomination, according to the Reserve Bank of India's Annual Report. The counterfeit notes of Rs 2,000 and Rs 500 put together were at 29.8% of the total pieces. In the previous financial year, Rs 500 notes were the most counterfeited, accounting for 41% of all fake currencies detected.

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