Two days after seizing 100 Rs 2000 fake notes, NIA arrests woman for circulating high quality currency

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Published: February 16, 2017 10:48:54 PM

Punjab used to be the permeable border but now the money is being pumped into the country via the India-Bangladesh border.

india, narendra modi, pakistan, demonetisation, bangladesh, fake notes, rs 2000 notes, 2000When Prime Minister Narendra Modi had made the bold move to demonetise Rs. 500 and Rs 1000 on November 8 last year, he cited counterfeit currency as one of the main reasons. (IE image)

National Investigation Agency (NIA) arrested a woman for her alleged role in the procurement and circulation of high quality Fake Indian Currency Notes (FICN), ANI reported. This arrest is one of the many arrests made on counterfeit currency after the demonetisation drive. On Wednesday the Border Security Force (BSF) Farakka seized 100 Rs 2000 fake currency notes from Malda’s Baisnabnagar Indo-Bangla border area. These seizures and arrests have made headlines and jolted the note-ban drive. Prime Minister Narendra Modi’s demonetisation drive was also aimed at eradicating counterfeit currency – the new Rs 2000 notes were touted as difficult to copy.

The first reported case of smuggling fake currency was in the last week of December. Recently, a 26-year-old man, who hails from Malda in West Bengal, was arrested in Murshidabad for carrying 40 fake notes of Rs 2,000 denomination. The fake notes are being printed allegedly by Inter-Services Intelligence in Pakistan and one is paid Rs 400-600 for each fake note.

According to a report in Indian Express it has taken barely two months for Pakistan-based counterfeiters to come out with fake Rs 2,000 notes. Punjab used to be the permeable border but now the money is being pumped into the country via the India-Bangladesh border. The shocking details surfaced following recent arrests and seizures made by NIA and Border Security Force (BSF), the report says.

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The finance ministry had said that the note ban drive would bring the counterfeit currency industry to its knees and bring it to a “total halt”.

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