Latest news with #FICN
Time of India
5 days ago
- Time of India
Fake currency with face value of 7.7L seized in Lakhimpur
1 2 3 4 Dibrugarh: In a crackdown on counterfeit currency operations, Laluk police on Friday seized Fake Indian Currency Notes (FICN) with a face value of Rs 7.7 lakh from a vehicle in Lakhimpur district. The accused, identified as Sohidul Islam (37), a resident of No 1 Ahmedpur village in Bangalmora, was arrested after a 5km-long chase near the Tinthengia area. Acting on a tip-off, a police team from Laluk Police Station intercepted the vehicle suspected of carrying fake notes. When the driver refused to stop, a high-speed chase ensued, culminating in the arrest of Islam. Upon searching the vehicle, police recovered 1,540 counterfeit notes of Rs 500 denomination, totaling Rs 7.7 lakh. Two mobile phones were also seized from the accused. "The accused was transporting the fake currency from an undisclosed location when we intercepted him. He revealed during interrogation that the notes were supplied by one Ikram, whose whereabouts are currently being traced," said a senior police officer from Laluk Police Station.
India Today
14-05-2025
- India Today
Maharashtra fake currency case accused sentenced to 5-year rigorous imprisonment
Ishak Khan, a key accused in a fake currency case in Mumbra in Maharashtra's Thane district, was on Wednesday sentenced to a five-year rigorous imprisonment and ordered to pay a fine of Rs 10,000 each on various charges by the National Investigation Agency (NIA) Special Court. All the sentences will run Khan was one of the three accused arrested in the case, relating to the recovery of Fake Indian Currency Notes (FICNs) of a face value of Rs 82,000 in denomination of Rs 500 in currency was recovered from the house of one of the accused, Jasim alias Wasim Salim Shaikh, who was arrested by the Mumbra police. His interrogation led the police to the arrest of Karnataka-based Radhakrishna Addappa. The duo were chargesheeted by the police in August 2019. Subsequently, the NIA took over the investigation and re-registered the case under sections 120B, 489B, 489C & 34 of the Indian Penal Code (IPC).Following investigations by the agency, it was revealed that the delivery of FICN to Jasim was coordinated by Ishakh Khan, who was then lodged in a Kolkata Jail in connection with another criminal case. In October 2020, Ishakh Khan was placed under arrest by the NIA in the FICN investigation by the anti-terror agency led to the recovery of documentary and digital evidence, including CDRs of the mobile used for January 2021, the NIA filed a supplementary chargesheet against all three accused. Recently, Ishak Khan pleaded guilty before the NIA Special Court, which has now convicted him, while the trial against the other two accused is Watch
India Gazette
14-05-2025
- India Gazette
Key accused in Mumbra fake currency case gets 5 yrs RI from NIA spl court
New Delhi [India] May 14 (ANI): A key accused in a fake currency case in Mumbra, located in the Thane district of Maharashtra, was sentenced on Wednesday to a term of rigorous imprisonment lasting five years, along with a monetary fine of Rs. 10,000 for multiple offenses by the Special Court of the National Investigation Agency (NIA) in Mumbai, according to Central agency's release. All the sentences will run concurrently. As stated in NIA's release, Ishak Khan was one of the three accused arrested in the case relating to the recovery of Fake Indian Currency Notes (FICNs) with a face value of Rs 82,000/--in denomination of Rs. 500 in 2019. The currency was recovered from the house of one of the accused, Jasim aka Wasim Salim Shaikh, who was arrested by the Mumbra police. His questioning led the police to the arrest of Karnataka-based Radhakrishna Addappa. The duo was charged with a chargesheet by the police in August 2019, NIA's release added. Subsequently, NIA took over the investigation and re-registered the case under sections 120B, 489B, 489 C & 34 of the IPC. Investigations by the agency revealed that Ishakh Khan, who was then lodged in Kolkata Jail for another crime, coordinated the delivery of FICN to Jasim aka Wasim Salim Shaikh. In October 2020, as stated in the release, Ishakh Khan was arrested by the NIA in the instant FICN case. Further investigation recovered documentary and digital evidence, including CDRs of the mobile used for communication. In January 2021, the NIA filed a supplementary chargesheet against all three accused. Recently, Ishak Khan pleaded guilty before the NIA Special Court, which has now convicted him, while the trial against the other two accused continues. (ANI)
Indian Express
02-05-2025
- Indian Express
Rs 1.9 crore in demonetised currency seized in Ahmedabad; RBI, I-T Dept, ED informed
The Ahmedabad Rural Police on Thursday shot off a letter to the Reserve Bank of India (RBI), Enforcement Directorate (ED) and the Income Tax Department after officials from Sanand police station seized demonetised currency notes with its earlier face value of over Rs 1.9 crore. Notably, the last date of possible exchange for these denominations of Indian currency was exactly 8 years and a month ago. The police are trying to find out as to why such a large number of notes were being transported through rural Ahmedabad and who owned this cash and whether or not the notes were real or Fake Indian Currency Notes (FICN). Officials from the surveillance squad of the Sanand police station were informed that a white Brezza car was heading from Bavla to Sanand with a large number of demonetised notes. A police team reached the Bavla bypass and intercepted the vehicle. They found 29,756 currency notes of Rs 500 denomination each with a former face value of Rs 1,48,78,000, and another 4,154 currency notes of Rs 1,000 denomination with a former face value of Rs 41,54,000. After demonetisation of notes was announced on November 8, 2016, currency notes of Rs 500 and Rs 1,000 denominations that were in circulation at that time had ceased to be legal tender in the country. Later, the Rs 2,000 currency notes, which were introduced in lieu of the demonetised Rs 500 and Rs 1,000 notes, were withdrawn from circulation from May 19, 2023. However, they still continue to be legal tender. Since the Rs 500 and Rs 1,000 notes hold no value at present, being caught with them is a non-cognisable offence. The Sanand police filed a seizure of property reports under Section 106 of the BNSS and asked the two men who were transporting the cache of old currency, to be present when called, during the investigation, said PI HG Rathod.
Hindustan Times
29-04-2025
- Hindustan Times
Pune police seize fake notes worth ₹28 lakh
The Pune police busted a major Fake Indian Currency Note (FICN) racket following a probe that began on April 17 after 55 counterfeit notes of ₹200 denomination were deposited in the cash deposit machine of a local bank, an official said on Monday. FICN with face value of ₹28 lakh have been confiscated so far and five persons arrested, the official added. Following the report, the police filed a case under sections 178, 179, and 180 of the Bhartiya Nyaya Sanhita (BNS). The accused have been identified as Manisha Swapnil Thanekar, resident of Nagpur Chawl, Yerawada; Bharti Tanaji Gawand, from Keshavnagar, Chinchwad; Sachin Ramchandra Yamgar, from Gahunje; Naresh Bhimappa Shetty (from Lohgaon), and Prabhu Gugal Jeddy. The investigation revealed that the counterfeit notes were sourced from Shetty. A raid on his residence led to the recovery of 20 bundles of fake ₹200 notes valued at ₹4 lakh, ₹2.04 lakh in real currency, a printer, over 1,000 printed A4 sheets with fake ₹500 notes totalling ₹22.32 lakh, printing ink, and blank paper used for counterfeiting. Additionally, a vehicle associated with the suspects was found containing 648 fake ₹200 notes and three fake ₹500 notes worth ₹1.39 lakh. Further inquiries led to the recovery of counterfeit notes from other suspects including ₹ 60,000 worth of fake ₹ 200 notes from Gawand, ₹20,000 worth of fake ₹200 notes from Thanekar and ₹20,000 worth of fake ₹200 notes from Yamgar. Mahesh Bolkotgi, senior police inspector at Shivaji Nagar police station, said, 'As soon as we received complaint from the bank officials, we analyzed technical data. Based on which we have identified bank accounts and consequently arrsted the accused. ' During the house search of the accused we have got one sided page on which four Indian currency notes were printed on a single sheet, Bolkotgi added. All of the suspects have been remanded to police custody until April 29, said police.
