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Gujarat accounted for 40% of fake Rs 2,000 notes seized

Discussion in 'Internal Affairs' started by InfoWarrior, Sep 11, 2017.

  1. InfoWarrior

    InfoWarrior Lieutenant FULL MEMBER

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    Ashish Chauhan | TNN | Updated: Sep 6, 2017, 12:11 IST
    Highlights
    • According to the Union home ministry figures, 40% of the fake Rs 2,000 notes seized were seized in Gujarat.
    • Rs 66,92,000 in fake Rs 2000 notes has been seized from across the country


    [​IMG]The model state of Gujarat had the most seizures of Rs 2,000 notes after demonetization, figures from the mini... Read More
    AHMEDABAD: When Prime Minister Narendra Modi announced demonetization on November 8, 2016, of his stated intentions for the move was to attack counterfeit notes. However, the rate of seizures of fake currency notes across the country has remained the same, even after Rs 500 and Rs 1,000 notes were declared illegal. The model state of Gujarat had the most seizures of Rs 2,000 notes after demonetization, figures from the ministry of home affairs (MHA) have revealed.

    According to the Union home ministry figures, 40% of the fake Rs 2,000 notes seized, were seized in Gujarat. Across the entire country, Rs 66,92,000 in fake Rs 2000 notes has been seized and Gujarat accounted Rs 26, 42,000 of this, between November 9, 2016 and March 7, 2017.

    In Gujarat, some 1,321 counterfeit Rs 2,000 notes were seized by police while the Reserve Bank of India (RBI) caught two. Three FIRS were registered and 12 persons were accused of circulating counterfeit currency notes, the highest number in the country. A total of 64 persons have been booked in the entire country.
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    Senior police officials said Gujarat has always been a hotbed for circulation of fake currency notes, due to the high level of trading activities. Currency notes are usually introduced into the state's economy by operators from West Bengal or Bangladesh.

    "Many of the accused caught in fake currency rackets come from Malda district or other parts of West Bengal and from Bangladesh. These currency notes are usually routed to the large cities of Gujarat, apart from Mumbai, Delhi, Bangalore and Hyderabad," said officials.
    Top Comment
    I don''t understand the term " Model state of Gujarat "... How can you term a state where 30% of population still defecate in open a model state ? How can you term a state model state when ... Read MoreSoji Varkey

    A large number of fake currency rackets have been busted in Gujarat due to public awareness and the alertness of the police, officials claimed.

    In some of these fake currency seizures, the notes were suspected to have been printed in Ahmedabad as well, officials said.
    http://timesofindia.indiatimes.com/...after-demonetization/articleshow/60383040.cms
    http://timesofindia.indiatimes.com/...after-demonetization/articleshow/60383040.cms
     
  2. InfoWarrior

    InfoWarrior Lieutenant FULL MEMBER

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  3. Golden_Rule

    Golden_Rule Lieutenant FULL MEMBER

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    GOI should have used Thinfilm Printed Electronics using NFC (Near Field Communication) with unique Ids and connecting the NFC app to a central database to authenticate the currency bill to eliminate any chance of counterfeit
     
    Wolfpack and InfoWarrior like this.

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