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COUNTERFEIT CURRENCY CASE
Bengaluru MBA graduate arrested after a cigarette purchase: Shopkeeper spots fake Rs 500 note after returning change; recently freed in fake note caseA fake Rs 500 note used to buy a packet of cigarettes from a grocery shop in Tumakuru led police to an alleged counterfeit currency printin...- 12 years of PM Modi: Bold reforms, decisive decisions and political turning pointsAfter 12 years at the helm, Prime Minister Narendra Modi reflects on a transformative journey filled with key reforms that have altered Ind...
- Resilient Indian economy may face West Asia headwinds; El Nino impact likely on agri output: RBIAs energy prices surge and supply chain disruptions persist, India's economic landscape is indeed testing its resilience; yet, robust finan...
- Montreal counterfeit money scheme: Police arrest 4 men, seize large amounts of fake currency in multiple investigationsMontreal police have arrested four individuals aged 18 to 22 in connection with a counterfeit money scheme. The suspects allegedly used fak...
- Madhya Pradesh man learns printing skills in jail, produces Rs 200 fake notes after getting releasedA 35-year-old man from Madhya Pradesh, Bhupendra Singh Dhakat, used printing skills learned in jail to create counterfeit notes. Police sei...
- Special NIA court convicts sixth accused in Bengaluru fake currency caseA woman named Vanitha has been convicted in the Bengaluru fake currency case in which high-quality counterfeit banknotes were smuggled from...
- Recovery of fake notes shows a spike of 1342%There has been an increase of around 1342% in the seizure of fake Indian currency notes (FICN) in Delhi on an annual basis, National Crime ...
- Counterfeit products create Rs 1-lakh-cr hole in economy, incidents up 24% in 2019: ReportThe report also said counterfeiters are having a free-run due to the pandemic-driven disruptions to organised supply chains and the resulta...
- New designs of Rs 500 and Rs 2000 notes getting prone to counterfeits: RBI dataCounterfeit notes in the new design of Rs.500 which was introduced in 2016, increased by 121.0 per cent, while for Rs.2000, it increased by...
- Nepal arrests Yunus Ansari: Kingpin of Fake Indian Currency NotesIndia has been pressing Nepal to take action against Yunus Ansari accusing him as a kingpin of FICN network.
- Fake rupee note seizure in Switzerland plunges to just 3 in a yearSeizure of fake Indian currency in Switzerland, for long perceived an alleged haven for black money, has come down sharply to just three in...
- International fake currency racket busted by UP Police; five heldPolice seized fake currency with a face value of Rs 15.13 lakh, half-prepared fake currency notes having a value of Rs 1.07 lakh, Rs 27,000...
- Government to push cooperative banks to get note-sorting machines in a bid to curb fake currencyIn a meeting between banks, finance ministry and intelligence agencies, it was observed that a number of branches do not have such machines.
- Fake Indian notes float around in the UAE: ReportThe call for caution has come from a teller with a foreign exchange company in Sharjah, who was recently acquitted by the UAE SC in a fake ...
- RBI withdraws banks' 25% compensation for detecting fake notesThe Reserve Bank today said it has withdrawn the instructions on compensation to banks at 25 per cent of the notional value of counterfeit ...
- China calls for ATM upgrade to handle new currency notesAlthough the existing machines will not necessarily be replaced after the new bank notes are issued, they should be upgraded, industry insi...
- Banks shouldn't send seized counterfeit currency notes to police: Home ministry to RBIHome ministry has asked the RBI to impress upon banks to handle seized counterfeit currency notes themselves if the number is up to four pi...
- Pre-2005 fake notes have no value: Reserve Bank of IndiaThe RBI has confirmed to ET that a person will get “no value” from the bank if he or she has a counterfeit currency note.
- Banks may be held responsible for ATM fake notesSubbarao said the central bank is working with the government to amend the law and make the source of counterfeit currency legally liable.
- CBI seeks international help to bust fake currency racketsThe CBI has calculated that Rs 70 to 80 million in counterfeit currency is seized every year in India and outside.
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