While 11 of the thirteen frontiers used to smuggle fake currency manufactured in Pakistan and Bangladesh have witnessed a lull in seizure of fake notes, two frontiers in Assam and West Bengal have seen a spike since January 2017
Fake currency notes with a face value of Rs 22,000 were seized from the residence of the accused.
A government report has said that reportage of suspicious transactions, fake currency notes and cross-border fund transfers in the country's economic channels doubled in the last fiscal year, leading to unearthing of over Rs 560 crore black money.
Private banks have been the biggest contributors to Counterfeit Currency Reports with Public Sector Banks still lagging despite RBI's intervention, the report notes
The National Investigation Agency (NIA) on Monday arrested two persons and recovered fake currency worth Rs 3.90 lakh from their possession.
The Anti-Rowdy squad of Kolkata Police’s detective department on Thursday seized fake currency worth Rs 56.74 lakh, all in Rs 2,000 denomination, from five people.
The National Investigation Agency (NIA) on Thursday arrested a Bangladesh woman for her role in the procurement and circulation of fake notes.
In the aftermath of the ban of high value currency notes, the Finance Ministry has informed Public Accounts Committee that no fake currency notes (FCNs) were seized by the agencies during the demonetisation drive from
Rajasthan police on Saturday arrested three people with fake currency notes worth Rs 5,300 in denominations of Rs 50 and new notes of Rs 500 in Bharatpur district, officials said.
Two persons with forged currency in the denominations of the newly introduced Rs 2,000 and Rs 500 notes having a face value of Rs 26,10,000 were arrested today, police said. "Acting on a tip-off, the
Two persons were arrested for printing fake notes of Rs 2,000 denomination in Lavkushnagar area under Chhatarpur district of Madhya Pradesh, police said on Thursday.