FB   
 
Powered bysps
        Society for Policy Studies
 
 

 
Forensic report on high-quality FICN points to Bangladesh link
Posted:Mar 3, 2017
 
Print
Share
  
increase Font size decrease Font size
 
The forensic report on high-quality fake Indian currency notes (FICN) of Rs 2,000 denomination, which were recently seized by the National Investigation Agency (NIA), indicates that the notes were printed using stamp paper from Bangladesh.
 
“Until now, the notes were being printed in Pakistan and smuggled into India through Bangladesh. This is a new trend, where FICN racketeers, with possible help from Pakistan, have started printing high-value Indian currency in Bangladesh. The matter will be taken up with authorities in Dhaka,” a senior government official said.
 
A top government source told The Indian Express, “The forensic analysis was conducted by experts at the Currency Note Press in Nashik. It was found that the printing is of high quality and 10 features of a genuine note have been replicated.”
 
The FICN was seized from one Umar Faruk (21), who was wanted in a fake notes case. He was arrested by the NIA from Malda district of West Bengal on February 14.
 
On February 19, the BSF seized 48 FICN of Rs 2,000 from a man at the India-Bangladesh border in Malda district. The suspect was identified as Shariful Shah (32), a resident of Nadia.
 
The post-demonetisation seizure of high-quality FICN from the Indo-Bangla border has triggered concerns among security agencies. A detailed probe is being conducted into seizures of high-quality fake Rs 2,000 notes, officials said.
 
Of the 17 features of a genuine note, as many as 11 have been replicated in the fake notes. These include the transparent area, watermark, Ashoka Pillar emblem, the letters ‘Rs 2000’ on the left, the guarantee clause with the RBI Governor’s signature and the denomination numeral in Devanagari on the front, sources said.
 
On November 8, 2016, Prime Minister Narendra Modi announced the withdrawal of Rs 1,000 and Rs 500 notes to flush out high-denomination fake currency, mostly printed in Pakistan.
 
The Indian Express on February 13 was the first to report the seizure of new notes of high quality by BSF and NIA. Interrogation of the suspects revealed that there was a spurt in sprinting and smuggling of fake Rs 100 and Rs 50 notes.
 
According to the BSF, the total value of FICN seized in the first two months of 2017 stood at Rs 2,96,000. Last year, it was Rs 1,47,70,500, while 19 smugglers were nabbed by the force.
 
The Indian Express, March 3, 2017
 
 
 
 
Print
Share
  
increase Font size decrease Font size
 

Disclaimer: South Asia Monitor does not accept responsibility for the views or ideology expressed in any article, signed or unsigned, which appears on its site. What it does accept is responsibility for giving it a chance to appear and enter the public discourse.
Comments (Total Comments 0) Post Comments Post Comment
Review
 
 
 
 
spotlight image Since Prime Minister Sheikh Hasina assumed office again in Bangladesh in 2009, bilateral relations between New Delhi and Dhaka have been on a steady upward trajectory.
 
read-more
Senior representatives from the US, China, Pakistan and Afghanistan met in Muscat, Oman, on Monday to revive stalled peace talks with the Taliban, but the insurgent group failed to participate in the meeting being held after a year.
 
read-more
Ruskin Bond’s first novel ‘Room on the Roof’ describes in vivid detail how life in the hills around Dehradun used to be. Bond, who is based in Landour, Mussoorie, since 1963, captured the imagination of countless readers as he painted a picture of an era gone by.
 
read-more
India’s foreign policy under Prime Minister Narendra Modi has attained a level of maturity which allows it to assert itself in an effective manner. This is aimed at protecting the country’s national interests in a sustained way.
 
read-more
Braid-chopping incidents have added to the already piled up anxieties of Kashmiris. Once again they are out on the streets, to give vent to their anger. A few persons, believed to be braid-choppers were caught hold by irate mobs at various places. They were beaten to pulp.
 
read-more
Communist parties everywhere gather the ranks every five years to review the past, set future direction, renew political leadership and rejig organisational structure.
 
read-more
In a move lauded worldwide, King Salman bin Abdulaziz Al Saud recently issued a royal decree allowing women to obtain driving licences.
 
read-more
The death toll from Saturday’s twin truck bombs in Somalia’s capital Mogadishu has crossed 300.
 
read-more
On “Defining Our Relationship with India for the Next Century”
 
read-more
Column-image

Title: The People Next Door -The Curious History of India-Pakistan Relations; Author: T.C.A. Raghavan; Publisher: HarperCollins ; Pages: 361; Price: Rs 699

 
Column-image

Could the North Korean nuclear issue which is giving the world an anxious time due to presence of hotheads on each side, the invasion of Iraq and its toxic fallout, and above all, the arms race in the teeming but impoverished South Asian subcon...

 
Column-image

Title: A Bonsai Tree; Author: Narendra Luther; Publisher: Niyogi Books; Pages: 227 Many books have been written on India's partition but here is a firsthand account of the horror by a migrant from what is now Pakistan, who ...

 
Column-image

As talk of war and violence -- all that Mahatma Gandhi stood against -- gains prominence across the world, a Gandhian scholar has urged that the teachings of the apostle of non-violence be taken to the classroom.

 
Column-image

Interview with Hudson Institute’s Aparna Pande, whose book From Chanakya to Modi: Evolution of India’s Foreign Policy, was released on June 17.

 
Subscribe to our newsletter
Archive