Shamshul Huda,the man arrested in Nepal for his alleged link to the train sabotage case in India had contested unsuccessfully on a Madhesi Party ticket. He had contested the elections held in Nepal, but lost badly.
This resulted in huge financial losses which forced him to deal in fake Indian currency.
On November 8, 2016, Prime Minister Narendra Modi made a surprise announcement on demonetisation, declaring that the Rs 500 and 1,000 notes were no longer legal tender.
He also made it a point to state that one of the reasons behind this decision was to eradicate the menace of fake currency.
She goes by the name ‘Litchi’ and her crime was that she was part of a major fake currency racket in India. Litchi, 43, whose original name is Fatima, is a Bangaldeshi national, was actively involved in the circulation of fake currency in India and was arrested from Agra on Thursday.
Litchi, who is a resident of Sushil Nagar in Agra is married to one Sher Ali Khan. Her name came up during an investigation conducted by the National Investigation Agency, which took over the case that was busted in West Bengal.
New Delhi, Feb 1: The Border Security Force and the National Investigation Agency recently intercepted two consignments of fake Rs 2,000 currency notes along the Indo-Bangladesh border.
Investigations, based on forensic analysis, revealed that the fake notes have replicated 50 per cent of the security features of the original ones. The new Rs 2,000 denomination note has 17 security features.
The fake currency operatives have managed to replicate eight of them, investigations revealed. Investigators tell OneIndia that the colour of the note has not been replicated yet. The notes are darker in colour and the paper quality is not the same, an officer noted.
The November 8 decision on demonetisation brought a grinding halt to the fake currency network.
Pakistan’s Inter-Services Intelligence had invested a lot in terms of money and manpower to ensure that this racket spread deep into the Indian monetary system.
New Delhi, Dec 23: The arrest of Abdul Salam alias Podi Salam, a resident of Kerala in connection with the fake currency racket, is a shot in the arm for the National Investigation Agency. Salam a resident of Mallapuram in Kerala was deported from Saudi Arabia following which he was arrested by the NIA on Thursday.
Salam, who was part of the Dawood syndicate was wanted by the NIA in connection with 2014 case in which fake currency of Rs 9 lakh had been seized at the Nedumbassery airport in Kerala.
Mumbai, Dec 3 Banks have detected 1,39,667 pieces of fake currency between November 10 and 27.
Two days after the decision to demonetise the Rs 500 and 1,000 notes were made, people made a beeline to the banks to exchange their old currency.
New Delhi, Nov 18: The movement of fake currency has completely stopped along the border areas, India’s junior minister for home Kiren Rijiju said today.
He said that there is no movement of fake notes along the India, Pakistan and Bangladesh borders after the decision to declare currency of Rs 500 and 1,000 had been announced.