Committee Against Smuggling and Counterfeiting Activities Destroying the Economy

Fake currency with Rs 92.18 Cr face value seized in 2020-21, highest since 2017

August 17, 2022 by adminficci News 0 comments

National Crime Records Bureau (NCRB) has revealed that fake currency with a face value of Rs 92.18 crore was seized in 2020.

This is 30.4% more than in 2017. Law enforcement authorities seized fake currency with a face value of Rs 28.10 crores in 2017

As per RBI, the value of counterfeit notes detected in the banking system has reduced from Rs 43.47 crores in 2016-17 to Rs 8.26 crores in 2021-22. In 2020, Rs 5.45 crores were detected by the RBI in the banking system.

https://newsmeter.in/data-stories/fake-currency-with-rs-9218-cr-face-value-seized-in-2020-ncrb-699342?jr=on

Prev
Next

Related Posts

Luxury goods maker Kering sues Alibaba over counterfeit products
May 18, 2015

Luxury product maker Kering, which includes brands such as Gucci and Yves Saint...

Five held, 138 boxes of illicit liquor seized in UP.
January 31, 2020

Kushinagar, Jan 31 (UNI) Five people were arrested and a consignment of 138 boxes...

Foreign Cigarettes Worth Over Rs 1 Crore Recovered From Mizoram
May 5, 2023

The operation was carried out by a combined team of Assam Rifles and the Customs...

Rs 5L worth foreign cigarettes seized
August 12, 2016

Excise sleuths on Thursday seized foreign cigarettes and banned tobacco products...