Counterfeit currency notes seized in Rajkot

New Delhi : A few days ago, the Indian Border Security Forces had seized fake currency notes of Rs 2,000 denomination on India-Bangladesh border. Subsequently, there has been a considerable rise in the number of counterfeit currency note printing incidents. Today, the Gujarat police seized a large number of fake currency notes of Rs 500 and Rs 2,000 denominations.


In today’s operation, the Gujarat police have seized fake Indian currency notes with a total face value of Rs 26.10 lakh Two persons have been taken into the police custody in this matter. Similar incident was observed in Shahjahanpur, Uttar Pradesh, where a bank account holder lodged a complaint that the ATM of State Bank Of India dispensed a counterfeit note of Rs 2,000. Before that, a counterfeit note of Rs 2,000 was dispensed from the ATM of State Bank of India, issued in the name of ‘Children’s Bank of India’. Two persons from the team that loads cash in the ATM, had been arrested, after a complaint had been lodged in this matter.

It was evident that the fake Indian Currency notes, circulated in India were printed in Pakistan Up till now. However, the counterfeit currency notes, seized by Border Security Forces on Indo-Bangladesh border, are suspected to have been printed in Bangladesh. It was found that a stamp paper used in Bangladesh, was used to print the counterfeit currency notes seized by the Border Security forces at India-Bangladesh border. 

After close examination of the counterfeit notes seized by the Border Security Force, it was revealed that the fake notes were printed on a stamp paper used in Bangladesh. This stamp paper is usually printed at the government press of Bangladesh. It is suspected that this stamp paper is smuggled on a very large scale for printing the counterfeit Indian currency notes.  Because a government stamp paper is used to print the counterfeit notes, it has been possible to produce these fake notes on a large scale. Due to this only, it is evident that many of the high security features, used in the genuine Indian currency notes as safeguard measures, could be reproduced on these counterfeit notes.

Up till now, it was evident that the counterfeit Indian currency was being printed in Pakistan and from Pakistan, these counterfeit notes were sent in India, through Bangladesh-Bengal border. Such counterfeit Indian currency notes were seized by the Border Security Forces last week. Counterfeit notes of Rs. 2000 denomination, worth Rs. two lakhs, were seized from Malda district of West Bengal. This seizure was made when the fake currency was being smuggled into India via West Bengal, through India-Bangladesh border. Acting on a tip-off that these counterfeit notes were being smuggled into India through Churiyantpur, BSF laid a trap and the fake currency was seized.

In a similar incident, a youth was arrested on 8th February by the West Bengal police in Murshidabad on the India-Bangladesh border, while carrying 40 fake Indian currency notes of Rs 2,000. 

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