Thursday, Dec 01, 2022

fake currency


2K note circulation falls 12.6% in FY22

May 28, 2022 6:28 am

Significantly, the RBI has not supplied new Rs 2,000 notes in the last four years. The RBI introduced Rs 2,000 note after demonetisation in November 2016 when Rs 500 and Rs 1,000 banknotes were withdrawn.

Fake currency probe linked to fraudsters who claimed to ‘double money’

May 20, 2022 7:55 am

An officer of the Mumbai Crime Branch, which carried out the raid, said based on a tip-off, they had arrested Mohammad Arshad (42) from Varanasi and Lavesh Tamble (41) from Kalwa in Thane.

‘Financial system in a wreck, offence can be repeated’: Court denies bail to man held with fake currency

March 14, 2022 7:37 am

The accused, Naveed Shaikh, was arrested in 2021 under sections pertaining to possession and trafficking of counterfeit currency. In his bail plea, Shaikh had submitted that continued incarceration during the Covid-19 pandemic would have an impact on his health and life.

Chandigarh: Two held with fake currency, sharp edged weapon

September 06, 2021 2:36 am

Police said the two were arrested on a secret information. A case was filed at PS 11.

Recovery of fake currency: Man pleads guilty before court, gets 7 years in jail

August 19, 2021 11:17 am

The NIA had claimed that Kadir had procured the notes from an absconding accused and given them to another co-accused for circulation.

Mumbai: Over Rs 35 lakh fake currency seized, 4 arrested

January 27, 2021 9:06 pm

One of the accused had seen videos on making fake currency on YouTube and had gathered the necessary equipment for the same, say police

Ahmedabad: Fake notes of face value 1.44 crore seized from Rajdhani passenger, 2 held

January 01, 2021 3:11 am

According to RPF officers, Vikas Sharma (31), a resident of Kalol in Gandhinagar, was held at 9.15 am on Wednesday from platform number 5 of Kalupur Railway Station after the Rajdhani Express arrived.

Ahmedabad: Two held after fake currency racket busted; Rs 2.9 lakh recovered

July 30, 2020 5:31 am

The two arrested accused have been identified as Uday Prajapati (25) and Meet Prajapati (22), cousins who are natives of Patan. Police said that the accused were printing fake Indian currency notes using a colour printer which was found at their rented flat.

To trick their targets, conmen claimed to be descendants of royal family: Investigators

June 13, 2020 12:35 am

The Indian Express had earlier reported that the suspects used to send videos and photos of the currency to potential targets with black money, who were looking for an under-the-radar currency exchange or hawala transaction.

Seizure of counterfeit currency: Network of conmen, ‘mules’ behind circulation of notes marked ‘Children Bank of India’, say cops

June 12, 2020 7:40 am

The baffling puzzles investigators are trying to solve don't just end at the presence of play notes of Rs 2000 and Rs 500, with Bachchon Ka Bank, or ‘Children's Bank of India’, written on them. The seizure also includes play notes of demonetised Rs 1000, with a total face value of Rs 31.8 crore.


Demonetisation, a success? Is it still a question: News in Numbers

June 22, 2020 6:17 pm

The shortage of cash, decline in GDP, loss to small businesses and daily-wage workers - was it all worth it if most of the demonetised money is back in the system?