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  1. Now, BSF seizes Rs 4.4 lakh fake currency notes in Rs 2000 denomination seized in Assam

Now, BSF seizes Rs 4.4 lakh fake currency notes in Rs 2000 denomination seized in Assam

Ever since PM Narendra Modi addressed the nation on November 8 evening and announced the ban imposed on Rs 500 and Rs 1000 currency notes to boost the NDA government's fight against black money, terror funding and also to digital payments in India and introduced new Rs 500 and Rs 2000 notes, cases of fake currency being caught in the north-eastern part of the country's borders have increased tremendously.

By: | Published: March 17, 2017 11:51 AM
BSF seized fake currency notes of Rs. 2000 denomination amounting to 4.4 lakh from International Boundary under Dhubri district. (ANI)

Ever since PM Narendra Modi addressed the nation on November 8 evening and announced the ban imposed on Rs 500 and Rs 1000 currency notes to boost the NDA government’s fight against black money, terror funding and also to digital payments in India and introduced new Rs 500 and Rs 2000 notes, cases of fake currency being caught in the north-eastern part of the country’s borders have increased tremendously. While the government had rushed to indicate that the currency notes it had ordered to be printed at its mints had a number of new security features, yet the situation on the ground shows that the criminals have found a way/s to hoodwink the financial system and infiltrate the fake notes into the country. The common man, who is not too well versed with the security features is not being able to gauge whether the notes are genuine or not and ends up accepting them as legal tender irrespective of their doubts about them.

A number of cases have been reported along the West Bengal border and a few along the other North-Eastern states. The latest one that is being reported today is in Assam. The Border Security Force (BSF) has reportedly seized fake currency notes of Rs 2000 denomination amounting to Rs 4.4 lakh from international boundary under Dhubri district.

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While a number of seizures have been reported by authorities, they are unwilling to hazard a guess as to the actual amounts that may be evading them and are actually entering the country. To ensure that this kind of wrongdoing does not acquire dire proportions, the enforcement agencies have been carrying out a crackdown across the country to catch culprits who are threatening the financial system and a huge number of people have been either arrested or have had notices sent to them over their acts.

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