NIA asked to trace fake currency roots

FICN has directed NIA to investigate a FICN-related crime registered by the anti-terrorism squad of Maharashtra police last month.

NEW DELHI: In a bid to unravel the inter-state and international linkages behind the printing and circulation of fake Indian currency notes (FICN), the Centre has directed the National Investigation Agency (NIA) to investigate a FICN-related crime registered by the anti-terrorism squad of Maharashtra police last month. As many as six persons were arrested and counterfeit currency with a face value of Rs 4.75 lakh was recovered in the case.

A home ministry release on Thursday said preliminary investigations by the anti-terrorism squad (ATS) had revealed inter-state and international linkages. ���Considering the inter-state and international linkages and security ramifications of the case and the need to probe the same thoroughly, with a view to tracing the roots and networks for printing and circulation of FICN, the central government decided to hand over the investigation of the case to the NIA,��� it said.

This is the third case to be handed over the NIA. On May 14, the ATS has arrested four members of a gang involved in circulation of fake notes.
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