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AP: Fake currency worth over Rs 6 cr seized since 2007

Involvement of ISI and mafia in supply of FICN has been strongly established by police.

Written by Agencies | Hyderabad | Published: August 10, 2011 11:08:49 am

The unabated circulation of Fake Indian Currency Notes (FICN) in Andhra Pradesh is posing a big challenge to state police which has seized counterfeit notes with a face value of over Rs 6 crore during the last four years.

The involvement of ISI and mafia in supply of FICN has been strongly established by confessions of ISI agents/terrorists arrested by the police in recent past,S V Ramana Murthy,Additional Director General of Police,Crime Investigation Department (CID),said.

Andhra Pradesh police with the help of RBI has seized FICN with face value of Rs 6,15,44,580 crore and arrested 862 people involved in circulation of fake currency and registered 1233 cases.

Of the 1233 cases,80 cases involve FICN having face value of Rs 1 lakh each,he said.

The state-level committee for detection of counterfeit notes (FICN) of CID felt that particularly fake currency notes of of Rs 500 denomination were more in circulation as they seized fake notes with the face value of Rs 41.85 lakh in Hyderabad,East Godavari,West Godavari,Kadapa,Visakhapatnam and Kunrool districts so far this year,he said.

Hyderabad,Nalgonda,West Godavari,East Godavari,Visakhapatnam and Guntur districts emerged as centres,of fake currency circulation,Murthy said.

“We have constituted a full fledged cell in coordination with RBI to check the circulation of fake currency notes besides changing the strategy to stumble down on the source of manufacturers and gangs involved in distribution or circulation of FICN,” a CID official said.

The investigating wing of CID looking into fake currency has now changed its strategy focusing more on identifying sources of distribution channels and gangs smuggling the fake currency notes across some border districts instead of taking action against a person,who become victim of gangs involved in circulation of fake notes,Murthy said.

It was noticed that there were two types of printing of fake currency notes. While some notes are printed locally in Kurnool,East Godavari and West Godavari districts of Andhra Pradesh,the other type of face currency notes are of high quality and were being smuggled into India through Malda district of West Bengal by air,sea and train routes,the Additional DGP (CID) said

It has also come to notice that certain people of border states like West Bengal,North Bihar,Eastern UP have been trying to establish contacts with locals for circulation of fake currency,Murthy said.

The CID has appealed to public to be more careful about the high quality fake currency more particularly,the denomination of Rs 1,000,Rs 500,and Rs 100 which were mainly pumped into Indian market.

While the locally printed fake notes lack sophistication of genuine currency,those smuggled from abroad are relatively closer to genuine notes. The focus zones or in other words,corridors for the entry of fake currency into the country were states having other nations on our borders,the CID chief said.

In order to tackle the problem,the state CID with the coordination of the RBI,has taken up several programmes for creating awareness among the public in identifying fake currency notes,he said.

As a part of awareness programme,posters have been displayed at all public/vulnerable places mentioning the differences between genuine and fake currency notes,the security features and distributed pamphlets under caption in Telugu and English languages under caption ‘Know your Bank Note Features’.

In addition,the RBI has been organising camps periodically in districts,the additional DGP said.

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