November 2007 News

Fake Currency Pumped Into Country From Nepal: J-K Police

19 November 2007

Jammu: Days after it busted an international fake currency racket, the Jammu and Kashmir police has claimed that counterfeit notes were being pumped into India from neighbouring Nepal. 'Fake currency is being pumped into Bihar from Nepal. From Bihar it has network of agents, who are sent to different states to exchange the fake currency', Additional Superintednent of Police (ASP), Katra, Ashok Sharma said. This was revealed during the interrogation of two alleged fake currency agents who were arrested last month at the base camp of Mata Vaishnodevi shrine, he said. The fake currency is being smuggled into Bitiyara border district in Bihar, where a huge network of the agents have been enrolled to exchange fake and real notes in different parts of the country, Sharma said. The members of the racket get commission for the exchange of the fake currency, he said, claiming there existed a well-organised cross-border international racket in the country. Police has sent a Special Investigation Team (SIT) to Bihar to investigate the case and bust the full-fledged racket, Sharma said. 'We have already talked to the district SP of Bitiyara, where a major operation is on cards to bust the full racket', he added. Two alleged members of a fake currency racket - Kiber Muchawara and Vijya Prasad - were arrested from Charan Padika and Katra holy town in October end when they were exchanging the fake currency. Fake notes with face value of Rs 32,000 were recovered.


Return to the Archives 2007 Index Page

Return to Home Page