Counterfeit Currencry circulates from Dubai: NIA

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Mangalore, July 30: The National Investigation Agency has gathered the information that  the fake currency  racket connection has spread  from  mangalore to Kasaragod , according the sources.

After investigating four unearthed counterfeit currency circulation cases, the NIA officials having a strong suspicion that the fake currencies enter the coastal districts through the Mangalore airport, especially from Dubai and in the earlier case police had seized counterfeit currency worth Rs 31 lakhs which was printed in Pakistan. In this fake currency several were taken to custody such as Usman, Abdul Jabbar, U Chethan Kumar, Krishnaraj Pandit, Abdul Nazeer etc and investigations are underway.

Apart from the fake currency case, National Investigation Agency (NIA)proved that  one of accusers also involved in 11 other cases and there is even a warrant under COFEPOSA (Conservation of Foreign Exchange and Prevention of Smuggling Activities Act) issued against him.

Recent counterfeit currency cases:

According sources on April 20, 2007 fake currency notes worth Rs 15 lakhs had been seized at Kozhikode airport, flowingly in 2008, fake notes worth Rs 23 lakhs were seized in separate incidents in Kozhikode and On March 10, 2010, counterfeit notes worth Rs 24.16 lakhs were confiscated at Cochin international airport by the DRI.

By viewing these cases NIA is also doubts about involvement of some terror organisations in the counterfeit racket, which will be a risk to national security.

By: Satish Kapikad

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