Tag Archives: International syndicate

Fake currency notes in Rs. 2000 denomination are in circulation in India after Demonetisation

Newsroom24x7 Network

  • International syndicate of fake Indian currency notes and the Bangladesh connection
  • Delhi Police nabs one international syndicate operative. He has supplied FICN amounting to Rs 20 million in Delhi and the adjoining states in last one year.
  • The texture and printing of the currency notes that have been seized is of good quality and it is difficult for an ordinary person to identify the currency as fake.

New Delhi: Delhi Police have arrested a key player of an international syndicate of fake Indian Currency notes and seized from his possession FICN amounting to Rs 7,50,000 in denomination of Rs 2000 notes.

On Thursday (9 August 2016), acting on specific tip-off that one Deepak Mandal of Malda District in West Bengal, a key member of an international syndicate, would be coming to the DTC Bus Depot at Khanpur in Delhi at about 09.30 pm that day to deliver a big consignment of FICN to one of his contacts, a police team swung into action and a trap was laid near the bus depot. At 09.50 pm, Deepak Mandal was nabbed and 375 Fake Indian Currency Notes in denomination of Rs 2000 amounting to Rs. 7,50,000 were recovered from him.

According to Delhi Police, the fake currency notes seized on Thursday were routed through Malda and the FICN consignment had come from Bangladesh. The Police have further said that the texture and printing of the currency notes that have been seized is of good quality and it is difficult for an ordinary person to identify the currency as fake.

The international syndicate involved in this racket was involved in the circulation of FICN in various parts of India, including Delhi and the adjoining States. The arrested person, Deepak Mandal (age 32 years), is a resident of Jagbandhu village in West Bengal’s Malda district. He told the police during interrogtion that he has been involved in smuggling and circulation of FICN for about 12 years. Earlier, he used to visit the Bangladesh Border for procuring FICN from suppliers from Bangladesh. He further disclosed that he has been receiving consignments of FICN from another person from Malda and he had come to Delhi to deliver the consignment of FICN to someone in Delhi. Deepak has been supplying FICNs to him and few other persons in Delhi/NCR for the last 12 years.

Deepak also informed the police that he used to circulate the FICNs in different parts of India, including Uttar Pradesh, Madhya Pradesh, Bihar Maharashtra, besides Delhi/NCR.

Deepak has been receiving FICN in Rs 2000 denomination on the payment of Rs. 800 for each Rs. 2000 note. He was then supplying it to others at the rate of Rs.1200 per note. Deepak has already supplied FICN amounting to Rs 20 million in Delhi and the adjoining states during the last one year period.

Deepak, along with his associate Vikas Mandal, was arrested earlier in a case of FICN of Rs 300,000 in the year 2010 in Malda.  In this case, he was convicted and sentenced for 6 years. Along with his associate, Deepak was again arrested in another Rs. 2,75,000 FICN case in Allahabad (Uttar Pradesh) in 2013.

Police is investigating the case and is trying to identify the forward and backward linkage of this international syndicate, which has been busted by the Special Cell of Delhi POlice led by Inspector Ishwar Singh, under the supervision of Assistant Commissioner of Police Attar Singh

The seizure of FICN in Rs 2000 denomination and the observation by the police that the fake notes are so good in quality that it is difficult to identify them as fake is a pointer that the situation is rather grave. The revelation by the arrested person that he has already put in circulation fake currency to the tune of Rs. 20 million across many States in last one year should ring alarm bells, especially since the matter is directly connected with national security.

The seriousness of the matter can be gauged from the fact that the Prime Minister Narendra Modi had pointed to the menace of fake currency while announcing his government’s demonetisation drive on November 8, 2016. On this occasion, he had said that “enemies from across the border were running their operations using fake currency notes. This has been going on for years and justifying the need for new currency notes, he had pointed out that many times, those using fake five hundred and thousand rupee notes had been caught and many such notes had been seized.

Focusing the nation’s attention towards the challenge posed by fake currency, the Prime Minister had asked the people of India to join the movement for purifying the country. He had urged the citizens to stand up and participate in the “Mahayagya” to fight against corruption, black money, fake notes and terrorism.

The PM had categorically told the people of India that the terrorists were getting their money from across the border and the enemies were running their operations using fake currency notes.