Fake currency notes a major headache: CBI

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Ghaziabad (UP), March 17: Fake Indian Currency Notes (FICN) is emerging as a major headache for country’s security agencies, including the CBI, which is trying hard to ascertain the ‘real magnitude’ of the menace.

“The seizure of FICN totalling up to Rs eight crore is just the tip of the iceberg. Its real magnitude of circulation is not known,” CBI Special Director M L Sharma said.

The idea is to destroy the country’s Economy, Sharma told reporters in Ghaziabad after inaugurating a course on Cyber crime being jointly organised with Interpol.

He said the FICN was of a “very good quality” and it was “very hard” for them to differentiate between the genuine and the fake currency note.

“...even I cannot make out the difference,” Sharma said.

He said the CBI was trying to sensitise its officers and personnel about the FICN’s circulation and its security features. “We have prepared a 40-page note for the personnel and have also trained them in workshops in this regard,” he said.

He said the currency note should have more security features included. “While doing that, one needs to keep the cost factor in mind,” he said. A currency note at present has 14 security features.

The Special Director also said the Directorate of Revenue Intelligence (DRI) also detected some FICN cases which were being investigated by the CBI.

“Our job is to act as the nodal agency in this regard.