NIA conducts raids in 4 states to bust fake currency racket

NEW DELHI: The National Investigation Agency (NIA) on Saturday seized fake notes, currency printing paper and digital gadgets in raids in four states to bust fake Indian currency note rackets, official said.

The raids were conducted as part of the NIA’s probe into a case registered on November 24 that relates to a larger conspiracy hatched by suspected individuals for trafficking Fake Indian Currency Notes (FICN) from across the border and promoting their circulation in India, a spokesperson of the agency said.

Teams of the NIA searched the premises of accused Rahul Tanaji Patil alias “Javed” in Kolhapur district of Maharashtra, Vivek Thakur alias “Aditya Singh” in Shahjahanpur district of UP and Mahendar in Ballari district of Karnataka, Premises of suspects Shiva Patil alias “Bhimrav” in Yavatmal district of Maharashtra and Shashi Bhushan in Rohtas district of Bihar were also raided, the official said.

The searches led to the seizure of FICN of face value of Rs 6,600 (in denomination of Rs 500, Rs 200 and Rs 100), along with currency printing paper, from Thakur house, the spokesperson said.

Thakur along with others used to procure fake currency and printing accessories from bordering countries. The fake currency was circulated across India, official said.