Fake currency notes of Rs 28 L recovered in J&K in 4 years

AVINAV VERMA. Updated: 9/17/2020 10:41:12 AM Front Page

JAMMU: In the last four years, the Fake Indian Currency Notes (FICN) of worth Rs 27.94 Lakh has been recovered in Jammu and Kashmir.
"Fake currency notes of different denominations worth Rs 27.94 Lakh recovered in J&K during separate operations conducted by intelligence and security agencies," an official said.
He added that the fake currency notes of Rs 3.70 Lakh recovered in 2016, Rs 11.76 Lakh in 2017, Rs 8.78 Lakh in 2017 and Rs 3.70 Lakh in 2019.
"Of these total recovered, Rs 14.46 Lakh in 723 dominations of 2000, Rs 11.52 Lakh in 2251 dominations of 500 and Rs 2.23 Lakh in 1117 dominations of 200," he added.
He further divulged that in 2016, fake currency note of Rs 3.70 Lakh recovered in J&K. “In 2016, Rs 1.40 Lakh recovered in the 70 dominations of 2000, Rs 1.62 Lakh in the 324 dominations of 500 and Rs 68, 200 Lakh in the 341 dominations of 200.
In 2017, fake currency note of worth Rs 11.76 Lakh recovered. “Of these Rs 4.58 L recovered in the 229 dominations of 2000, Rs 6.64 Lakh in the 1329 dominations of 500 and Rs 54,o00 Lakh in the 270 dominations of 200.
In 2018, fake currency note of worth Rs 8.78 Lakh recovered. “Of these Rs 7.08 L recovered in the 324 dominations of 2000, Rs 1.37 Lakh in the 274 dominations of 500 and Rs 33,000 Lakh in the 165 dominations of 200.
In 2019, fake currency note of worth Rs 3.70 Lakh recovered. " Of these Rs 1.40 L recovered in the 70 dominations of 2000, Rs 1.62 Lakh in the 324 dominations of 500 and Rs 68200 Lakh in the 341 dominations of 200.
Intelligence and Security Agencies of Centre and State Governments keep a close watch on the elements involved in the circulation of fake currency notes in the country and take action on any reported violation of law.
The Government has taken various measures to check the smuggling and circulation of FICN into the country, which inter-alia, include The Unlawful Activities (Prevention) Act, 1967 criminalises the production or smuggling or circulation of High Quality Fake Indian paper currency, coin or any other material as a “terrorist act”, FICN Coordination Group (FCORD) formed by the Ministry of Home Affairs (MHA) shares intelligence/information amongst the different security agencies of the States/Centre to counter the problem of circulation of fake currency notes in the country and a Terror Funding and Fake Currency Cell (TFFC) has also been created in the National Investigation Agency (NIA) to investigate terror funding and fake currency cases.


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