Top News
50 years ago, Apollo 8 astronauts delivered a timeless Christmas message | Opinion  ||   PM blames Cong for agrarian crisis in country  ||   PM Modi takes 'Quattrocchi mama' jibe at Sonia Gandhi, says Congress upset over transparent defence deals  ||   Tasks not over: BJP and Congress have much to do ahead of Lok Sabha elections  ||   After poor show in MP's Vindhya region, Congress plans vote pattern probe  ||   Malaysia says no rights to recognise Jerusalem as Israeli capital  ||   Bahrain foreign minister defends Australia's decision on Jerusalem  ||   Raje was 'careless' in fulfilling people's expectations in Rajasthan: Ashok Gehlot  ||   Has Rahul Gandhi come of age?  ||   Zoramthanga: From being an insurgent to becoming Mizoram CM  ||   Chandrababu Naidu expected to attend swearing-in of Ashok Gehlot, Kamal Nath  ||   Welfare card and social media tactics helped Kalvakuntla Chandrasekhar Rao emerge as a hero  ||   Stranded tourists on Andaman islands being moved to safety  ||   Israeli military finds 4th Hezbollah tunnel from Lebanon  ||   I became a Democrat a year ago and found my own voice. It changed everything.  ||   PM takes 'Quattrocchi mama' jibe at Sonia Gandhi, says Cong upset over transparent defence deals  ||   Carter scores 27 as Texas A&M beats No. 8 Oregon State 76-70  ||   Pig-headed Republicans are pushing America toward government-run national health care  ||   PM Modi attacks Congress over Rafale scam allegations  ||   No. 11 Stanford tops No. 3 Baylor, ends Bears' win streak  ||            

First life imprisonment conviction in a fake currency probe in India  2 Months ago

Source:   Times Of India  

NEW DELHI: In first ever such punishment in a fake currency probe in India, a NIA special court in Patna on Thursday convicted four persons to life imprisonment for smuggling and supplying in India high currency Fake Indian Currency Notes.

The court convicted Afroz Ansari, Sunny Kumar alias Kabir Khan, Ishraful Alam and Alomgir Sheikh for committing a terrorist act, damaging the monetary stability of India by way of smuggling and circulation of the high quality FICN under various sections of IPC and Unlawful Activities Prevention Act (UAPA).

NIA began a probe in the case after recovery of FICN worth Rs 5.94 lakh from Ansari, a native of Jharkhand, by Directorate of Revenue and Intelligence in 2014.

During investigation by NIA, it emerged that a syndicate of FICN smugglers was involved in procuring fake currency smuggled from Bangladesh for supplying it to Nepal and various parts of India.

In all, eight persons were arrested by the agency.

A chargesheet was filed in the case by NIA in July 2016.

According to a study commissioned by NIA, first reported by TOI, 250 in every 10 lakh notes in circulation in India were fake and Rs 400 crore worth of such fake currency was in circulation in the country before 2016.

The study had revealed that FICN worth Rs 70 crore was infused into the Indian market every year with agencies only being able to intercept one third of them.

It had added that fake 1,000 rupee notes constituted about 50% of the total value of FICN.

The government had demonetized Rs 500 and Rs 1,000 notes in November 2016 following which the FICN smuggling has come down drastically.
More News
About Us Terms & Conditions Disclaimer
Advertise Contact
register and win

NRIS.COM is one of the premier NRI website that provides a range of resourceful services to Indian expats residing in the USA. Visiting the site you will find comprehensive information related to restaurants, casinos, pubs, temples, carpool, movies, education, real estate, and forums. The simple and easy to navigate format allows NRIs to gain information within a fraction of a second. Moreover, advertising through its column of Indian free classifieds in USA allow businesses to improve visibility of their brand.

MI NRI's Chat (0 Users Online)