Latest news with #FICNs
Hindustan Times
5 hours ago
- Hindustan Times
Fake currency poses a serious threat to country's economy: Delhi high court
Circulating fake currency poses a serious threat to the country's economy and undermines financial regulation, the Delhi high court has held while denying bail to a man accused of circulating fake Indian currency notes (FCIN) and US dollars. The Delhi high court. (File Photo) Justice Shalinder Kaur delivered her July 16 verdict, released on Thursday, while dealing with Shoib Malik's plea against city court's March 20 order denying him bail. The Delhi police special cell had named Malik as a co-accused in the first information report (FIR) registered under various sections of the Indian Penal Code (IPC), including 489A (counterfeiting currency notes), 489D (making or possessing instruments for forging or counterfeiting notes), and 120B (criminal conspiracy). The cops had alleged that Malik was a part of a larger syndicate involved in circulation and printing of fake Indian currency notes. In his petition, Malik had claimed that the cops did not have evidence to prove possession of the FCIN or his connection with the offence. He further submitted that he had already undergone more than 2 years of custody and no purpose would be served by keeping him in jail. The Delhi police opposed the bail, asserting that Malik was not merely involved in possessing FCIN, but also in its printing and circulation. He further submitted that the cops at the time of his arrest had recovered FCIN to the tune of ₹73,000 at the time of his arrest from his residence and had committed an offence, which jeopardizes the country's economic security. Agreeing with cops' submissions, justice Kaur held, 'The present case raises a grave concern regarding the involvement of the petitioner along with co-accused persons to print, distribute and circulate not only FICNs but US dollars, as well. Indeed, the circulation of fake currency causes a severe threat to the economy of the country, thus being detrimental to the financial regulation of currency in the country.' The judge held that such kinds of offences also fuel other illegal activities like drug smuggling, arms trafficking, money laundering, and human trafficking. 'Moreover, such kind of offence further facilitates other illegal activities such as smuggling of drugs, purchase of illegal arms and ammunitions, cross-border money laundering, human trafficking etc. The purpose to enact the provision of Sections 498A, 489B, 489C, 489D and 489E of the Indian Penal Code, 1860, (now Sections 178, 179, 180, 181 and 182 of the Bharatiya Nyaya Sanhita, 2023) is to safeguard the economy of the country and such illegal activities which destabilises the economy,' the court maintained.
Indian Express
03-07-2025
- Indian Express
How Delhi Police constable posed as ‘decoy customer', caught man with Rs 60,000 counterfeit currency in 2018
This month, a Delhi court is set to sentence a man convicted of dealing in counterfeit currency. However, the series of events that led to the man's arrest was set into motion on a chilly afternoon on October 16, 2018, when a secret informer arrived at the office of the Anti-Auto Theft Squad (AATS) in Delhi's Shahdara with a vital piece of information, as per court records. The informer told Constable Manu that a man named Mohammed Hussain was selling counterfeit currency at the service road near the Cross River Mall in Shahdara. This tip-off led the police to believe that Hussain had been circulating and trafficking fake Indian currency notes (FICNs). The information was conveyed to Inspector Sanjay Sharma, the AATS in-charge, and a raiding team of five police officials was formed to bust Hussain's network. According to court records, Head Constable Giriraj posed as Yakoob, a decoy customer, and stood near the location where the informer had said he had seen Hussain. Giriraj then saw Hussain and went to strike a deal with him. For two genuine Rs 500 notes, he was given counterfeit currency worth Rs 2,000 by Hussain. At close to 5 pm, Giriraj waved his hand—a predetermined signal decided by the raiding team—and the others closed in and apprehended Hussain within minutes. While conducting a search of the accused, the police found 29 fake Rs 2,000 notes from his right pant pocket. The recovered currency was sent to the Forensic Science Laboratory, Rohini, and after the results showed that the currency was fake, a chargesheet was filed on January 11, 2019, as per court records. Six and a half years later, a Delhi court convicted Hussain under Section 489B of the Indian Penal Code (using as genuine, forged or counterfeit currency-notes or bank-notes). 'It is highly improbable that without any rhyme or reason for the police to pick only accused Mohd. Hussain and plant FICNs upon him…Moreover, in view of the unbreached testimonies of the witnesses available on record, the plea of accused regarding his false implication is without any basis,' Additional Sessions Judge Hardeep Kaur of Patiala House Court noted in her order dated May 30. The counsel for Hussain had argued that the accused belonged to a poor strata of society and had been falsely implicated in the case. He argued that the money had been planted by the Delhi Police. The defence lawyer had also argued that no CCTV footage of the incident had been collected and no public witnesses had joined the investigation. '…this Court has no hesitation to hold that accused Mohd. Hussain having possession of 30 FICNs in the denomination of Rs.2,000/- reached at the spot in order to supply the same to the customers,' Additional Sessions Judge Kaur said. Arguments on Hussain's sentence were heard on July 2. His sentence is likely to be decided on July 7.
The Print
20-06-2025
- The Print
Fugitive wanted in 12-year-old fake currency case extradited by UAE
'The subject was earlier geo-located in UAE through close follow up by the CBI through Interpol with NCB-Abu Dhabi,' a CBI spokesperson said in a statement. Moideenabba Ummer Beary, wanted by the NIA's Kochi unit, was brought to Mumbai's Chhatrapati Shivaji Maharaj International Airport from Dubai by flight No. AI-920 on Friday after the completion of extradition proceedings in the UAE on Thursday, they said. New Delhi, Jun 20 (PTI) A fugitive with a 12-year-old Interpol red notice against him and wanted by the National Investigation Agency (NIA) in connection with a fake currency racket was extradited by the UAE on Friday in an operation coordinated by the CBI, officials said. Beary was wanted by the NIA in a case of counterfeiting Indian currency notes, cheating and criminal conspiracy. He was arrested in the UAE in 2015 and since then his extradition proceedings were going on. He allegedly procured high-quality Fake Indian Currency Notes (FICNs) in Dubai and transported the same to Bengaluru through Sharjah. 'The CBI got the Red Notice published against the subject on December 30, 2013, through Interpol on the request of NIA. The accused subject was arrested in the UAE and an extradition request was sent to the UAE through MHA and MEA,' the spokesperson said. The NIA said that soon after the recovery of FICNs from four different locations in Kasaragod district in Kerala, it secured the revocation of Baery's passport and a red corner notice was also issued. 'In 2015, the absconding accused was located and arrested by the UAE authorities, following which an extradition request was sent to that country by the NIA. On completion of the process, the UAE authorities extradited the accused on June 19,' the NIA said in a statement. NIA investigations into the case revealed that Beary, a native of Karnataka's Udupi district, conspired with the co-accused to procure high-quality FICNs with a face value of Rs 31 lakh from the UAE, it said. 'The FICNs were trafficked into India by another accused, Usman, by flight through Bengaluru. The accused then circulated the FICNs in and around Kasaragod district,' the statement said. The NIA has so far chargesheeted six accused, including Beary, in the cases under various sections of IPC, it said. PTI ABS AKV ARI This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Hindustan Times
20-06-2025
- Hindustan Times
Fugitive wanted in 12-year-old fake currency case extradited by UAE
New Delhi, A fugitive with a 12-year-old Interpol red notice against him and wanted by the National Investigation Agency in connection with a fake currency racket was extradited by the UAE on Friday in an operation coordinated by the CBI, officials said. Fugitive wanted in 12-year-old fake currency case extradited by UAE Moideenabba Ummer Beary, wanted by the NIA's Kochi unit, was brought to Mumbai's Chhatrapati Shivaji Maharaj International Airport from Dubai by flight No. AI-920 on Friday after the completion of extradition proceedings in the UAE on Thursday, they said. "The subject was earlier geo-located in UAE through close follow up by the CBI through Interpol with NCB-Abu Dhabi," a CBI spokesperson said in a statement. Beary was wanted by the NIA in a case of counterfeiting Indian currency notes, cheating and criminal conspiracy. He was arrested in the UAE in 2015 and since then his extradition proceedings were going on. He allegedly procured high-quality Fake Indian Currency Notes in Dubai and transported the same to Bengaluru through Sharjah. "The CBI got the Red Notice published against the subject on December 30, 2013, through Interpol on the request of NIA. The accused subject was arrested in the UAE and an extradition request was sent to the UAE through MHA and MEA," the spokesperson said. The NIA said that soon after the recovery of FICNs from four different locations in Kasaragod district in Kerala, it secured the revocation of Baery's passport and a red corner notice was also issued. "In 2015, the absconding accused was located and arrested by the UAE authorities, following which an extradition request was sent to that country by the NIA. On completion of the process, the UAE authorities extradited the accused on June 19," the NIA said in a statement. NIA investigations into the case revealed that Beary, a native of Karnataka's Udupi district, conspired with the co-accused to procure high-quality FICNs with a face value of ₹ 31 lakh from the UAE, it said. "The FICNs were trafficked into India by another accused, Usman, by flight through Bengaluru. The accused then circulated the FICNs in and around Kasaragod district," the statement said. The NIA has so far chargesheeted six accused, including Beary, in the cases under various sections of IPC, it said. This article was generated from an automated news agency feed without modifications to text.
New Indian Express
11-06-2025
- New Indian Express
Approver reinstated as accused in fake note case tied to Dawood network
Instances of approvers, particularly in NIA cases, turning hostile are extremely rare. The NIA submitted a certificate under Section 308 of CrPC, which deals with the trial of a person who fails to comply with the conditions of pardon before the NIA Court last month. 'The certificate submitted by the prosecutor is accepted and the witness is made an accused in this case, for which a separate trial is to be conducted,' the court ordered. Originally the sixth accused, Shihab was made an approver and designated the 32nd prosecution witness. He failed to appear when initially summoned for trial and eventually turned hostile during witness examination. 'Counterfeit notes printed in Pak, smuggled into India' According to the NIA, the counterfeit notes seized were printed in Pakistan and smuggled into India with the intent to destabilise the Indian economy. As per the investigation, Pradeep and Haji had travelled to Abu Dhabi in June 2011, met Aboobacker and procured the fake currency. The NIA probe had revealed that Dawood's close aide Aftab Batki was controlling his FICN business from the UAE. Batki was made accused in a similar case related to FICN seizure from Nedumbassery in 2013. The investigation revealed that origin of FICNs in both cases were linked to Dawood's syndicate in the UAE.
