THANE: As many as seven cases were registered last year of counterfeit currency notes which were valued over Rs 8 crore under the jurisdiction of the Thane city police.
The data states that out of seven cases, six were solved with nearly 100 percent detection. In most of the cases, the accused were making the notes locally with the use of computers, printers etc.
According to statistics in 2021, a total of three cases were registered and all three cases were detected, the number rose to seven in 2022.
Sources from the police department informed that the circulation of counterfeit currency of various denominations takes place as in day to day business where there is minimal risk of being detected as huge transactions take place in various sectors and there is very little time to verify the currency notes due to rapid transactions. “The one who prints the notes gives it to someone in the market for the circulation where getting caught is negligible,” the officer said.
At times, the banks detect the fake notes who then approach police and file cases in the respective police stations. A police officer informed “The bank authorities on finding counterfeit currency notes report such cases and detecting such cases is difficult due to the huge circulation of the notes in day-to-day transactions.
https://timesofindia.indiatimes.com/city/thane/counterfeit-notes-of-over-8cr-seized/articleshow/97615069.cms
Thane: Counterfeit notes of over Rs 8 crore seized
Related Posts
4 arrested for cigarette smuggling
January 11, 2014
Customs officers have arrested four people and seized nearly four million illicit...
3.5 kg smuggled gold worth 3.4 cr seized at RGIA, 3 held
May 2, 2025
Hyderabad: Acting on specific intelligence inputs, officers of the Directorate...
Volume of smuggled, counterfeit products in Turkey above $17 bln
January 26, 2016
In a statement to mark International Customs Day on Tuesday, MKG spokesperson Ali...
Deputy PM aims to curb fraud, smuggling
June 1, 2016
The deputy Prime Minister TrươngHòaBình pledged to take more resolute actions to...