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