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Smuggling thru airport on rise: Pak citizen held with huge Indian rupee

2 men held in east Delhi with fake notes - The Times of India

NEW DELHI: Weeks after a Bangladeshi gang involved in fake currency racket was busted by Mayur Vihar police, another gang was busted by Anand Vihar police. Fake currency with denomination worth Rs 18,000 was recovered and two people were arrested.

The accused have been identified as Ranjan Prasad Gupta (27) and Upender Kumar (22) who hail from West Champaran in Bihar. "They were arrested from Anand Vihar ISBT while they were waiting to deliver fake notes to their contact in Delhi on Friday," said DCP (east) Ajay Kumar.

The fake currency is supplied in lieu of half of the total amount in genuine currency, said police. The duo was active in this crime for the past several months.

NIA sources said Bangladesh-based unit of the fake currency racket has been entrusted with the job of circulating more than 70% of the intended supply. Making the best use of Malda and Murshidabad districts' location, the racketeers use villagers of both districts as carriers of consignments.

According to the interrogation report of some fake notes operatives arrested by special cell and Kolkata Police, a Bangladeshi man controls the supply of the notes.

even indian cops printing fake notes

3 cops booked for printing fake notes in Sangrur


Three policemen, including a station house officer (SHO), landed themselves in trouble when they printed counterfeit currency to produce it as evidence in a court case. The policemen did so to cover up their negligence, as they had lost the fake currency recovered in 2007. As the court had summoned them to present the evidence and other seizures before it, they decided to print fake currency.
The accused have been identified as SHO Jarnail Singh, head constable Teja Singh, both posted at Mandi Ahmedgarh sadar police station, Balwinder Rai, a police employee (naib court) and Amit Kumar, the owner of a printing press.

After printing fake currency amounting to Rs. 1.41 lakh, they presented it in the court of the Sangrur additional sessions judge as case property.

After the initial inquiry, a case has been registered under Sections 409 (criminal breach of trust by public servant), 489A (counterfeiting currency), 489C (possession of forged or counterfeit currency) and 201(destruction of evidences) of the IPC at Mandi Ahmedgarh sadar police station.

The police had confiscated fake currency and registered a case in 2007. The police station authorities had lost the case property (fake currency) while shifting to the new premises. However, they neither reported the matter to the senior authorities nor informed the court.

In the meantime, as police officials failed to present the case property in the court, the latter repeatedly sent them summons.

Finding themselves in a fix, the SHO and two other employees allegedly contacted Amit Kumar, a resident of Mandi Ahmedgarh, for printing fake currency.

"The accused got fake notes printed illegally from Amit's printing press and presented these as case property in the court on May 25," said a senior police official. The additional sessions judge sealed the case property with his stamp.

Fearing that they would be caught anytime for their wrongdoing, the policemen destroyed the evidence instead of depositing it in the 'malkhana'.

The matter came to light after acting on a tip-off, senior police officials conducted a surprise raid at Mandi Ahmedgarh sadar police station's 'malkhana' a few days ago and found the amount missing.

SSP Mandeep Singh Sidhu confirmed that a case had been registered and the guilty policemen had been transferred to the Sangrur police lines.

"The Sangrur deputy superintendent of police has been directed to hold an inquiry into the matter in order to recover the missing fake currency shown in the court," he said, adding that strict action would be taken against the accused cops on the basis of the inquiry report.

:rofl::rofl::rofl:

so the cops printed fake money in order to cover his negligence of losing fake money they recovered, its not an ISI conspiracy people
 
to which countries and for what purpose?

There is always a spread between Bid–offer for currencies. You buy currency at a certain rate and sell that at certain rate. By smuggling, one can get more profit than Bid–offer spread.
 
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